The market is gyrating in a tight range ahead of conclusion of two-day Federal Reserve meeting ending today and guidance from new RBI governor Raghuram Rajan on September 20. The Sensex is up 14.30 points at 19818.33, and the Nifty is up 0.20 points at 5850.40. Advancing shares outnumbered declining ones by 672 to 455 on the Bombay Stock Exchange. Amit Trivedi, Co-Founder, Investworks.in is of the view that if Fed tapering is less than USD 10 billion then market is sure to rally and one could see Nifty 100-150 points up, to 6000-6100 levels. However, if there is bad news from Fed in terms of a roadmap on how the entire stimulus will be cut then market could see a sell-off. "If there is positive news, funds will try and digest the news and then money will come into India. However, if there is negative news, fund flow from India will be very quick," he adds in an interview to CNBC-TV18. Hindustan Unilever and State Bank of India gained more than one percent.
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