Markets trade flat as investors await Budget 2017

Budget 2017 - Benchmark indices were trading flat during the early morning trade as investors awauted Union Budget, to be tabled later in the day. Arun Jaitley is likely to boost spending and ease back on cutting the deficit in his fourth budget, as he seeks to lift growth hit by the demonetisation drive.

The sentiment was also aided as US Federal Reserve is expected to keep interest rates unchanged in its first policy decision since President Donald Trump took office, as the central bank awaits greater clarity on his economic policies, Reuters reported.

At 9:47 am, the S&P BSE Sensex was trading at 27,670, up 15 points, while the broader Nifty50 was ruling at 8,565, up 4 points.

In the broader market, BSE Midcap and BSE Smallcap indices gained 0.3% and 0.2% respectively.

"Yesterday’s slippage saw buying interest from the 8,580 region on anticipated lines, but without enough signs of resumption of uptrend. To this end, early rise into the 8,600-8,640 region should attract long liquidation attempts yet again, though a sharp fall is less expected," said Geogit BNP Paribas in a note.(Read More)

Be Update On - Budget 2017 Live