Sensex opens lower, Nifty holds above 8,700

After a grand rally driven by Budget day, the equity benchmark indices on Thursday lost steam to open lower as investors read into the fine-prints of Budget document. investors and Traders were eased that there were no negative surprises in the Budget. The Finance Minister, announced a slew of amendments, policies, proposals and exemptions and to kick-start the economy. 

At 10:40 am, the BSE Sensex was trading at 28,128, down 13.63 points, while the Nifty50 was ruling at 8,712 down 9.66 points. The BSE Midcap index and BSE Smallcap index outperformed the headline indices to rise 0.6% each. Stock market wealth of Investors grew by over Rs 1.5 lakh crore on Wednesday after the Sensex recorded its highest single-day rally on Budget day in past 10 years of period.