The Indian Market is moving quite sluggish on the last day of the month and it is definitely caused by the upcoming Budget today. Many people are not trading today due to a common conception that, on the budget day market gives negative returns. Although, this Bad Omen had already started with morning trading session, where the Sensex and Nifty was trading with the respective loss of 112.93 and 48.10 points. Currently, Sensex is trading with the loss of 359.90 points and 117.55 points.
With the excitement of having the Budget in their favor, Banking sector is showing high movements. Along with the Small Cap and Mid Cap Indexes, FMCG, IT and Metal Sector have also got affected by the upcoming budget and currently moving under the negative zone.
In MCX Commodity Market, Silver and Crude oil are trading with the loss of 0.52% and 2.43% whether Gold has hiked up by 237 points and moving in positive zone. In Base Metals, except Aluminium all other commodities are trading with minor losses. Until now the NCDEX Commodity Market has received mixed trading and performing average with minor highs and lows.