Marketmagnify Analysis on Indian Share Market

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The S&P BSE Sensex started on a cautious note in morning trade on Wednesday led by losses in RIL, Infosys, ICICI Bank, HDFC, HDFC Bank.The Nifty50 was trading around its crucial support level of 7,700, weighed down by losses in oil & gas, consumer durable, capital goods, IT, and Pharma stocks. 

The BSE Sensex closed at its highest in 11 weeks on Tuesday, as hopes of aggressive rate cuts by the Reserve Bank of India offset both profit-taking and global uncertainty after two explosions tore through Brussels airport on Tuesday morning killing 13 people.The benchmark BSE Sensex rose 0.18 percent to end at 25,330.49, its highest close since January 6, clawing back from losses earlier in the day when it fell as much as 0.8 percent.