27 March Nifty Slips below 9100, Sensex open lower, Elite Stock Advisory

The benchmark indices on Monday were trading lower in early trade, tracking weak global cues from Asian markets. At 10.15 am, the BSE Sensex, was down 151.31 points or 0.51% at 29,270.09. The Nifty 50 index was down 51.35 points or 0.56% at 9,056.65. The BSE Mid-Cap index was currently down 0.16%. The BSE Small-Cap index was down 0.01%.   

Overseas, Asian stocks were trading lower after U.S President Donald Trump endured a legislative defeat on Friday, 24 March 2017, when Republican leaders kicked a bill to fix the U.S health care system with the dollar weaker while gold prices up. 

On the economy, the government is likely to table supplementary GST legislations in Parliament today, 27 March 2017. CGST, I-GST, UT-GST and the compensation law are likely to be introduced in the Lok Sabha today.

24 March Friday Sensex extends gains, Nifty reclaims 9,100

The benchmark indices gained higher in early trade on positive Asian stocks. At 10.15 am, the BSE Sensex, was up 146.91 points or 0.50% at 29,479.07, while the NSE Nifty index was up 38.80 points or 0.43% at 9,125.10. In the broader market, the BSE Midcap and the S&P BSE Smallcap added 0.3% and 0.6%, respectively. 

Investors also struggled with mixed economic data. Filings for unemployment gains rose to a 7-week high, while purchases of new homes improved in February to a 7-month high. 

GST bill is scheduled to be tabled in the Lok Sabha today. The Union Cabinet on Monday gave its permission to four legislations of the much-awaited GST Bill namely the Central, State, Union Territory & Integrated GST, along with the Compensation Bill. 

Asian share markets and S&P 500 futures edged higher as investors dipped a toe back into risk trades after a week of wild swings in sentiment.