Sensex, Nifty edge lower; budget awaited

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Brokers said apart from profit-booking at record levels by participants, a weak trend at other Asian markets following overnight losses at Wall Street hurt the trading sentiment.

On the BSE, the barometer 30-scrip Sensitive Index (Sensex), which opened at 36,106.36 points, traded at a fresh level of 36,309.11 points - up 258.67 points or 0.72 per cent from its previous close.

The stock had hit a record high of Rs 973.80 on 5 January 2018 and a 52-week low of Rs 586.60 on 27 February 2017.

In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices underperformed to lose 0.3 per cent and 0.6 per cent, respectively.

On the BSE, 6,404 shares were traded on the counter so far as against average daily volumes of 8,355 shares in the past one quarter.

Shares of Emami fell over 6% as the company's Oct-Dec performance was below expectations and its operating margins contracted.


Indian shares opened lower on Tuesday as investors turned their focus to the upcoming budget that will be the last full year budget of the government before next year's Lok Sabha election.

Ester Industries stock jumped 10% after it entered into a long-term agreement with Shaw Industries, USA to supply circa 2,500 tonnes per annum of its Stain Resistant Master Batch to Shaw Industries.

The Bombay Stock Exchange building in Mumbai.

Volatility index India VIX slipped 2.18% at 17.4975.

Asian Paints (-2.4%), Eicher (-2%), Ambuja (-1.8%), Axis Bank (-1.7%) and Dr. Reddy's (-1.6%) were the top losers in today's trade.

The BSE market breadth was bullish as 1,313 stocks advanced against 553 declines.

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