Ahead Budget 2018, Sensex, Nifty turn cautious

Just a couple of days before Union Budget 2018, key indices dived into cautious mode of trading on Tuesday. The BSE Sensex fell by 236.96 points to 36,045.73 points, while Nifty also witnessed a slump to 11,042.85 points. 

Market watchers believe that the red colour in trade arruved mostly due to selling pressure on shares of banking, technology and FMCG players.

Stocks like Bajaj Auto, Hero Motocorp, GAIL, NTPC and HPCL were early gainers, shares of TCS, ICICI Bank, ITC, Reliance Industries, HDFC Bank, Infosys, and L&T recorded losses.

At 2:07 PM, Sensex was down by 0.51% to trade at 36,096.19 and Nifty50 was at 11,058.95. 

In the afternoon trade, IT stocks Oracle Financial Services Software, WiproBSE, Tata Consultancy Services and Infosys were in red. 

Investors were also cautious ahead of the kick start of US Fed two-day policy review later in the day. 

On the Nifty index, Eicher Motors, Zee Entertainment EnterprisesBSE -1.09 %, Asian Paints, Coal India, Adani Ports & Special Economic Zone and ICICI Bank were among the top losers in the Nifty pack of stocks.