Market moves cautiously ahead of Budget

New Delhi: Ahead of the presentation of the Union Budget 2017-18, market indices remained cautious in Wednesday morning trade.

Also Read: Budget '18: FinTech players await further push to digitization

While the Sensex witnessed a 119.69 point dip to 35,913.98, NSE's Nifty remained within the 11,000 mark at 11,014.35.

Shares of Kotak Mahindra Bank, BHEL, and Hindalco gained on both indices, while Dr Reddy's Labs, Coal India, and Lupin incurred losses.

Also Read | Sensex witnesses 530.85-point slump post Budget presentation

The Indian rupee opened lower at 63.67 per dollar, versus its previous close of 63.60.

Also Read: Pre-budget session all-party meeting begins

Meanwhile, US stocks fell for the second consecutive day, with the Dow registering a 1.37-percent dip, the lowest since September 2016.

On a related note, the Budget will be presented on Thursday by Finance Minister Arun Jaitley.

Also Read | Citizens laud agri-oriented Budget 2018-19

Also Read: Foreign exchange reserves scale new high of $414.784bn

This is the last full-fledged budget of the Narendra Modi-led government, and the first post the rollout of the Goods and Services Tax (GST). (ANI)

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