Research Infotech Morning Bell - Sensex, Nifty Open Lower; Axis slips 5% on Q3

 The Market has opened cautiously lower head of US President-Elect Donald Trump’s inauguration later in the day.  The Sensex is down 106.48 points or 0.4 percent at 27202.12, and the Nifty down 27 points or 0.3 percent at 8408.10. About 359 shares have advanced, 418 shares declined, and 153 shares are unchanged. 

Asian markets slipped in morning trade as risk sentiment soured ahead of Trump’s event. The Nikkei and Hang Seng slipped 0.14 percent and 0.72 percent, respectively. Investors now await key data from China as it is set to announce its GDP, retail sales as well as industrial production figures on Friday. The US markets closed lower, with real estate falling around 1 percent, as investors eagerly awaited Trump's inauguration. The Dow Jones closed about 70 points lower, with Goldman Sachs contributing the most losses. The index also recorded a five-day losing streak. The S&P 500 and Nasdaq too lost 0.36 percent and 0.28 percent, respectively. 
Axis Bank, ICICI Bank, Tata Motors, Coal India and Asian Paints are top losers in the Sensex while GAIL, Cipla, SBI, Bharti and L&T are gainers. 
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