However, experts feel India stacks up quite well, and is a safe haven among the emerging markets. But, it will hurt sentiment of the investment community.
Trump's protectionist stance could have a major impact on Indian exporters such as IT and pharma, trade relations, as well as fund flows coming into India.
A mixed closing on Wall Street in overnight trade and muted Asia this morning gave enough hints that it will not be a day of bulls on D-Street.
The Nifty50 slipped below the crucial psychological support level at 8,450 weighed down by losses in realty, power, metals, capital goods, banks and auto stocks.
CCI on Thursday fined Shree Cement, UltraTech Cement, JK Cement, Ambuja Cements in a ruling related to a tender floated by a Haryana agency in 2012.
The Nifty50 was trading around its crucial support level of 8,400, weighed down by losses in IT, realty, power, metals, and consumer durable stocks.
The consensus sees no change in long-term capital gains (LTCG) tax structure in the budget, but as the saying goes 'never say never' when it comes to Budget.
December quarter earnings so far have not been as bad as expected and that is why the domestic market has managed to hold on to key support levels.
The highest Put base is placed at strike price 8,300 with 63 lakh contracts while the highest Call base is placed at the strike price 8,500 with 49 lakh contracts.
The government has approved a proposal for a listing of five PSU general insurance companies as per the plan announced in the Union Budget for 2016-17.
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