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Sensex sheds 98 points, Nifty falls below 8600-level amid cautious traders approach ahead of Economic Survey

The Benchmark BSE Sensex Shed Over 98 Points And The NSE Nifty Traded Below The 8,600-mark In Early Session On Tuesday As Participants Kept A Cautious Approach In Placing Their Trading Bets Ahead Of The Economic Survey To Be Presented Later In The Day.

News Nation Bureau | Edited By : Gautam Lalotra | Updated on: 31 Jan 2017, 11:04:29 AM
Bombay Stock Exchange - File Photo (Getty)

New Delhi:

The benchmark BSE Sensex shed over 98 points and the NSE Nifty traded below the 8,600-mark in early session on Tuesday as participants kept a cautious approach in placing their trading bets owing to the Economic Survey due later in the day.

The 30-share index was down 98.02 points, or 0.35 per cent, at 27,751.54, with IT, auto, technology, metal and PSU trading in the negative zone, falling by up to 0.92 per cent.

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 per cent, at 8,596.

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

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 per cent in early deals. The US Dow Jones Industrial Average ended 0.61 per cent lower on Tuesday. 

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First Published : 31 Jan 2017, 10:55:00 AM

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