Mumbai, India (BBN) – The Nifty and the Sensex were trading flat ahead of the Union Budget for the fiscal 2017-18.
The Nifty opened nine points up at 8,570, while the Sensex opened 13 points up at 27,669, reports The Hindu Business Line.
At 10.10 am, the 30-share BSE index Sensex was up 23.55 points or 0.09 per cent at 27,679.51 and the 50-share NSE index Nifty was up 0.65 point or 0.01 per cent at 8,561.95.
A report by IFA Global said: “Asian stock markets are trading on a negative note, with Hang Seng index trading lower by 227 points and Nikkei index trading lower by 2 points as President Donald Trump’s immigration policy generated risk aversion. US stock markets closed on a negative note. The Dow Jones Industrial Average closed lower by 107 points and Nasdaq index closed marginally higher by 1 point. US equities closed lower amid Trump policy worries. European stock markets closed on a negative note, with FTSE closed lower by 19 points and CAC lower by 35 points. European markets ended the day lower despite better-than-expected inflation and GDP number from the euro zone.”
All the broader and sectoral indices barring PSU Banks and IT were trading flat. Volatility was up 1.47 per cent with the India Vix quoting at 17.0725.
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