Marketmagnify Analysis on Indian Stock Market

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The market has opened weak on Wednesday. The Sensex is down 68.30 points or 0.3 percent at 25262.19 and the Nifty is down 11.30 points or 0.1 percent at 7703.60. About 375 shares have advanced, 264 shares declined, and 25 shares are unchanged. Hindalco, Tata Steel, Hero MotoCorp, Bharti and Coal India are top gainers while SBI, ICICI Bank, Reliance, Axis Bank Bank and HDFC are losers in the Sensex.

Banking shares were witnessing selling pressure. The Bank Nifty was down 0.7 per cent at 15,826; Bank of Baroda, Canara Bank, Punjab National Bank, Bank of India, State Bank of India, ICICI Bank and HDFC Bank were among the laggards.