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

Biden Administration Approves $60Million Aid For Baltimore Bridge Collapse

The Federal Administration in a statement on Thursday said that it has provided the quick-release funds to rebuild the collapsed bridge within hours of receiving a request from Maryland Department Of Transportation

Fact Check: Lok Sabha Polls Will Be Held Using EVMs; Don’t Fall For False Claim

Ahead of the Lok Sabha polls, a newspaper cutout...

Four Killed, Five Wounded In Stabbing Incident In North Illinois

Redd mentioned that not all of the victims had stab wounds and none of them were shot. She added by saying that they have a suspect in custody

Hope Everyone’s Rights Are Protected: UN On Kejriwal’s Arrest

Delhi CM Kejriwal was arrested by the ED(Enforcement Directorate) on March 21 in the Delhi liquor policy case, days ahead of the Lok Sabha polls