Sensex Lower; Nifty slips in red after opening at record high of 9,377

The benchmark indices edged lower in early trade on passive global cues. At 10.15 am, the BSE Sensex was down 135.92 points or 0.45% at 29,990.29, while the NSE Nifty index declined 38.10 points or 0.41% at 9,321.80. The BSE MidCap index down 0.11% and. BSE Small-Cap index rose 0.05%, outperforming the Sensex. 

Coal India Ltd, SBI, ICICI Bank and Asian Paints gained the most on BSE Sensex while Mahindra & Mahindra, ONGC, GAIL India and Tata Steel fell the most on the index. 

The IT major, Infosys Ltd was trading lower by 1.4% at Rs 924.2 per share. The stock is dragging the Nifty index in the morning hours today.  Shares of Wipro Ltd was down 0.09%, after the company declared that it has joined EEA (Enterprise Ethereum Alliance) as a founding member. 

Meanwhile, Oil prices were left behind near 5-month lows today after a aboaut 5% fall in the last session on worries over rising US supply, removing all of the price gains since OPEC's move to control output.

09 March Elite Investment Advisory Services, stock market trading tips

Benchmark indices opened marginally weak in early trade tracking volatility on the domestic front and weakness in Asian stocks. At 10.15 am, the barometer index, the BSE Sensex, was down 16.71 points or 0.06% at 28,855.23. The Nifty50 index was down 8 points or 0.09% at 8,916.30. Healthcare & FMCG and stocks plunged in early trade. Investors step ahead of exit polls data for assembly elections in five states to be released later in the day and the poll results will be declared on Saturday, 11 March, 2017. 

The broader market was trading flat with BSE Midcap & BSE Smallcap fell 0.1% and 0.03% respectively. About 1,011 shares have advanced while 877 shares declined and there were no changes in 91 shares.  

In the meantime, Oil prices went down 5% to their lowest levels this year yesterday as US crude inventories surged beyond expectations.

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.