Placeholder canvas

Sensex slides 98 points as govt readies Economic Survey

Date:

The benchmark Sensex dropped over 98 points and the NSE Nifty slipped below the 8,600-mark in early session today as participants kept their bets to a minimum tracking the Economic Survey due later in the day.

Besides, weak global cues tempered mood. The 30-share index was down 98.02 points, or 0.35 percent, at 27,751.54, with IT, auto, technology, metal and PSU trading in the negative zone, falling by up to 0.92 percent.

The gauge had lost 32.90 points in the previous session. The 50-share NSE Nifty was trading lower by 36.75 points, or 0.43 percent, at 8,596.

Also Read: The Comeback Kids – Age is just a number for these sports veterans

Sentiment remained conspicuously cautious as investors preferred to reduce their positions ahead of the Economic Survey due today and the Union budget tomorrow.

A subdued trend in Asia coupled with a decline on the Wall Street after President Donald Trump’s controversial crackdown on immigration and his plans to overhaul work-visa programmes dampened sentiment further here, traders added.

In the Asian region, most markets are closed today for a public holiday. Japan’s Nikkei was down 1.33 percent in early deals.

The US Dow Jones Industrial Average ended 0.61 per cent lower yesterday.

Also Read: Quotes of Mahatma Gandhi which are even more relevant today

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Elections 2024: Legal Cases Against Donald Trump And How It Can Impact His Chances For Presidency

Former President Trump was indicted with charges of overturning the 2020 Presidential election and was indicted on Felony charges and also the violence of January 6 2021 in Washington D.C.

About 80,000 Leaders, Workers From Different Parties Join BJP Ahead Of Lok Sabha Elections

New Delhi: Ahead of the upcoming general elections 2024,...

Arvind Kejriwal’s ED Custody Extended Till April 1

New Delhi: The Rouse Avenue Court in Delhi extended...

Fact Check: Mohan Bhagwat-Led RSS NOT Supporting INDIA Bloc

A video alleging that the Rashtriya Swayam Sevak Sangh...