Sensex dropped 194 pts, Nifty below 8600 on caution ahead of Budget

Today the market ended with the negative bias, before one day of the budget. Tomorrow will be declared the budget. In which, Sensex and Nifty ended 0.75 percent down. Today's Nifty dropped 71 points or 0.83 percent. and Sensex declined 193 points or 0.70 percent at 27655. and the end of the day Nifty closed at 8560. Midcap and Smallcap shares showed the selling today. BSE midcap and smallcap index ended with down near 1 percent. There were 384 advances, 1243 declines and 283 unchanged stocks on NSE, reflective of a strong negative bias floating in the market. All the sectors except FMCG were trading in red on Tuesday. The heavyweight stock of FMCG index, ITC, contributed most to the index gains.