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“The Budget acknowledges that the economy continues to need support in light of the challenging global economic conditions. Some of the revenue measures are going to be a big help to households and citizens and with the on-going emphasis on capital expenditure and is going to be positive for long term growth.”

“The way we see in India Inc, we are already doing capex. It is just that we are doing capex with our own money rather than going to the banks and borrowing like it used to happen in the old days. I do not think any one of us has stopped capex.”

Recent macro numbers including Core Infra, GST collections, IIP, Inflation etc show that the economy is on the path to accelerated growth. The new savings scheme and enhanced limit of the Senior Citizen savings scheme affords more avenues for savers to invest their monies safely and productively.

Data suggests that from the past four trading sessions prices are taking support near 200 DMA, which is placed at 17,550 levels on the daily scale. For the bulls to regain control Nifty50 must reclaim 18,888 levels, suggest experts.

In the Sensex pack, SBI and ICICI Bank were the top laggards, down 2-3%. Axis Bank, Bajaj Finance, UltraTech Cement, HDFC, HDFC Bank, L&T and NTPC also opened with losses.

"Wherever there was a little bit of over pricing, there is always a trigger, where if that over pricing was going to take a much longer period of time, it probably accelerates and we could see a more than disproportionate impact on us. So, even a slightly bad miss could have a very large impact when the sentiment is reasonably bad."

VIP Industries has announced a dividend of Rs 2 per share. In the past 12 months, the company has declared an equity dividend amounting to Rs 5 per share. At the current share price levels, it results in a dividend yield of 0.73%. The company is engaged in the business of luggage and travel accessories and is one of the largest luggage maker in India.

Whirlpool of India, incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 17057.92 Crore) operating in Consumer Durables sector.

A total of 376,264 shares changed hands on the counter till 10:05AM (IST).

Adani Green Energy’s 4.375% bond due Sept. 2024 declined more than 12 cents on the dollar to 66.75 cents in high-yield secondary trading, according to Trace data. One of Adani’s other green bonds fell 9 cents on the dollar, but did not yet reach distressed level.