Sensex hovers around 28000; NTPC, Cipla, Aurobindo shares surge

Equity benchmarks remained rangebound in noon trade ahead of expiry of August derivative contracts. Investors globally also waited for the speech by Federal Reserve Chief Janet Yellen at Jackson Hole.

The 30-share BSE Sensex was down 2.25 points at 27987.96 and the Nifty fell 2.40 points to 8630.20 whereas the broader markets continued to outperform by rising half a percent.About 1424 shares advanced against 1006 declining shares on the BSE.

Infosys, Maruti, NTPC, Aurobindo and Cipla gained 1-4 percent while Lupin, HUL and Tata Steel fell over a percent.

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