Benchmark indices moderately high as WPI falls; RIL gains

Bank of Baroda, Canara Bank, Punjab National Bank and Syndicate Bank gained between 1-5%

Swinging between gains and losses, benchmark indices were trading moderately high in afternoon trade after data released by the commerce ministry showed that India's May wholesale inflation slipped to 2.17% as compared to 3.85% in April and - 0.90% in the similar period of the previous year. Gaines were capped as investors sat on the fence ahead of the US Federal Reserve’s interest rate decision.
 
Globally, Asian shares were tading mixed while the dollar was left adrift as investors everywhere awaited clarity on the Federal Reserve's future path for US policy. Moves elsewhere were cautious with MSCI's broadest index of Asia-Pacific