Benchmark indices opened lower on Wednesday, tracking weakness in Dow Jones futures that fell 2 percent indicating lower opening on Wall Street.
The 30-share BSE Sensex was down 127.47 points at 33,189.73 and the 50-share NSE Nifty fell 48.30 points to 10,201.
Tata Motors hit fresh 52-week low, falling half a percent.
Nifty Midcap index was down 113 points or 0.59 percent.
Union Bank, Canara Bank, PFC, Allahabad Bank and Karnataka Bank hit fresh 52-week lows.
Ashoka Buildcon, Sadbhav Infrastructure, Dilip Buildcon, TeamLease and Blue Star gained 1-2.5 percent.
The 30-share BSE Sensex was down 127.47 points at 33,189.73 and the 50-share NSE Nifty fell 48.30 points to 10,201.
Tata Motors hit fresh 52-week low, falling half a percent.
Nifty Midcap index was down 113 points or 0.59 percent.
Union Bank, Canara Bank, PFC, Allahabad Bank and Karnataka Bank hit fresh 52-week lows.
Ashoka Buildcon, Sadbhav Infrastructure, Dilip Buildcon, TeamLease and Blue Star gained 1-2.5 percent.
The Indian rupee opened higher by 7 paise at 64.89 per dollar on Wednesday against previous close 64.96.
Pramit Brahmbhatt of Veracity said, "The rupee will be under pressure on the back of FII outflow and negative cues from the domestic equity market."
He further added, "We expect the spot USD-INR pair to trade in a range of 64.80-65.20 today."
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