Nifty still below 8600, selling continues; Budget session begins

The Sensex is down 120.57 points or 0.4 percent at 27728.99 and the Nifty is down 47.15 points or 0.5 percent at 8585.60. 

About 798 shares have advanced, 1480 shares declined, and 249 shares are unchanged. 

ONGC, ITC, Bharti Airtel, Tata Steel and Dr Reddy's Labs are top gainers while GAIL, TCS, Coal India, Adani Ports and ICICI Bank are losers in the Sensex.

President Pranab Mukherjee is addressing a joint sitting of the two Houses of Parliament. The government will table the Economic Survey 2017 in the Parliament. The survey will put out economic growth forecasts. It is widely expected to recommend the rollout of universal basic income scheme.

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