Sensex slips 100 points

The BSE Mid-cap Index is trading down 0.21% at 9,856, whereas BSE Small-cap Index is trading down 0.05% at 9,917.

 At 9:24 AM, the S&P BSE Sensex is trading at 23,693 down 95 points, while NSE Nifty is trading at 7,221 down 22 points.

The BSE Mid-cap Index is trading down 0.21% at 9,856, whereas BSE Small-cap Index is trading down 0.05% at 9,917.

The Budget session of Parliament will get underway with President Pranab Mukherjee addressing the joint session of Parliament.  To what extent the government can handle the differences to turn their dreams into reality will be closely watched.  Oil prices skyrocketed  on Monday. OPEC may consider other steps to tackle ongoing global glut if a recent deal to freeze current output holds for several months. US stock indices rallied on Monday on the back of a 6% jump in oil prices.