Mumbai: There were signs of anxiety in the market as the Sensex on Tuesday slumped 194 points ahead of the budget—to be presented on Wednesday—to a one-week low of 27,656 and the Nifty slipped below 8,600 after the Economic Survey projected a lower growth of 6.5% for 2016-17.

The recently introduced immigration restrictions by US President Donald trump and the new legislation that aims to rework the H1-B visa programme dealt a blow to IT stocks, which saw a big fall. TCS, Wipro and Infosys dropped by up to 4.47%, dragging down the BSE IT index by 2.96%, followed by technology that tanked 2.49%.

The benchmark indices pared all losses to edge higher thanks to over 13% rise in index heavyweight Bharti Airtel even as the broader sentiment remained cautious ahead of the Union Budget 2017.

At 01:41 pm, the S&P BSE Sensex was trading at 27,932, up 50 points, while the broader Nifty50 was ruling at 8,656, up 15 points.

The Sensex rallied about 148 points to 27,856 in early session today, maintaining its positive form for the fourth day as the February derivatives series took off on a strong footing amid positive Asian cues.

The 30-share Sensex, which gained 673.64 points in the previous three straight sessions, added 147.57 points, or 0.53 per cent, at 27,855.71. All sectoral indices of BSE led by oil and gas, power and PSU were in the positive zone, rising by up to 1.34 per cent. The NSE Nifty jumped 40.75 points, or 0.47 per cent, to 8,643.50.

The benchmark BSE Sensex surged over 105 points and the NSE Nifty reclaimed the 8,500-mark in early trade on Wednesday as traders continued buying, tracking a firm trend in other Asian bourses following record US markets' closing on Tuesday.

Short-covering of bets, with Wednesday being the last session of January expiry in the derivatives segment, kept the overall tempo up.

The market on Tuesday opened flat with the Nifty above 8400. It traded up 23.65 points or 0.3% at 8415.15 while the Sensex traded up 73.91 points or 0.3% at 27191.25.

Shares such as GAIL, Adani Ports, HDFC Bank and SBI were among top gainers while Bharti, HUL, Infosys, Asian Painrs and Wipro were amongst the losers.

The 45th President of the US swore into office on January 20, vowing to 'Buy American and Hire American', a diktak that may weigh on the domestic markets on Monday.

In a bid to bring prosperity and jobs back to the country, President Donald Trump has not moved away from the conservative slogans of Candidate Trump, something that a lot of experts were rooting for.

Mumbai: The benchmark Sensex Index on Friday fell 1%, its steepest fall in seven weeks, after private lender Axis Bank slumped nearly 7% on reports of its asset quality worsening further.

Information technology and pharmaceutical stocks fell ahead of Donald Trump’s inauguration as president of the US on fears of his policies having an impact on these sectors.

Indian stock markets opened weak on Friday, tracking SGX Nifty, Asian markets and global stocks, ahead of Donald Trump’s inauguration as the 45th President of the United States. BSE Sensex was down 0.23% at 27,244.55 points and NSE Nifty was down 0.25% at 8,414.35 points in early morning trade. Asian equities slipped as caution prevailed in financial markets ahead of the US President-elect Donald Trump’s inauguration, even as China’s fourth-quarter economic growth beat expectations and Federal Reserve Chair Janet Yellen took a less hawkish policy stance.

The benchmark BSE Sensex recovered by nearly 22 points to close at 27,257.64 points on Wednesday on fresh buying by investors as well as funds mainly in metal and financial stocks amid firm global markets. The broader NSE Nifty too closed above 8,400-mark with total gains of 19 points at close.

Sentiment remained firm for the better part of the session as buying picked up momentum after other Asian markets rose.

India’s stock markets became mildly positive in the early morning trade today, after opening almost flat on mixed cues from other emerging markets. Asian markets were trading mixed as investors were cautious ahead of UK Prime Minister Theresa May’s communication, where she may lay out plans to exit from European Union. Nikkei was down nearly 0.5%, while the Korean market was trading up over 0.5%.

Reliance Industries, which announced yesterday its fiscal third quarter net profit rose 4.2% on-year to Rs 7,506 crore, fell sharply and was trading down 1.5% at Rs 1,060.85 on BSE.

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