Sensex, Nifty Hit Fresh Record Highs

Sensex Nifty at record highs ahead of Economic Survey 2018

At 9:20 am, the S&P BSE Sensex was trading at 36,200, down 82.91 points, while the broader Nifty50 was ruling at11,092, down 37.95 per cent.

On the BSE, the barometer 30-scrip Sensitive Index (Sensex) closed at a fresh high of 36,283.25 points - up 232.81 points or 0.65 per cent - from its previous close.

Just a couple of days before Union Budget 2018, key indices dived into cautious mode of trading on Tuesday.

Around 0930 hours, the wider Nifty50 of the National Stock Exchange, which opened at 11,079.35 points, traded at a fresh high of 11,126.80 points - up 57.15 points or 0.52 per cent - from its previous close. At day's high, the Sensex rose to 36,379 while the Nifty hit 11,156.

"Markets corrected on Tuesday as selling pressure emerged in the morning session".

Profit booking along with a weak trend in other Asian markets following overnight losses on Wall Street dented market mood back home.

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Traders also waited for the outcome of Fed Chair Janet Yellen's final meeting and U.S. President Donald Trump's first State of the Union address for further direction.

Among individual stocks, Coal India, Zee Entertainment, Tech Mahindra and Asian Paints were the leading losers on Nifty and lost over 1 per cent each on the NSE.

Stocks like Bajaj Auto, Hero Motocorp, GAIL, NTPC and HPCL were early gainers, shares of TCS, ICICI Bank, ITC, Reliance Industries, HDFC Bank, Infosys, and L&T recorded losses.

The BSE consumer durables index fell 1.74 per cent, followed by IT 1.07 per cent, teck 1.02 per cent, bankex 0.85 per cent, realty 0.80 per cent, metal 0.63 per cent, healthcare 0.61 per cent, infrastructure 0.56 per cent, auto 0.48 per cent, capital goods 0.36 per cent and FMCG 0.33 per cent. Oil & gas and PSU indices managed to close in the green.

In Asia, Japan's Nikkei fell 1.43 per cent and Hong Kong's Hang Seng slipped 1.09 per cent, while Shanghai Composite Index dropped 0.99 per cent.

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