Sensex, Nifty open lower; SBI, Reliance major laggards --- 23 Mar 2016

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.

The Indian rupee has opened lower by 5 paise at 66.75 per dollar against previous close of 66.71 a dollar.

The 30-share index was trading at 25,230, down 100 points or 0.40 per cent. It touched a high of 25,322.10 and a low of 25,223.58 in morning trade. 

The Nifty50 was trading at 7,700 down 14 points or 0.18 per cent. It touched a high of 7,718.25 and a low of 7,692.85 in the first 30 minutes of trade.

The S&P BSE Midcap Index was up 0.06 per cent and BSE S&P Smallcap Index was trading 0.20 per cent higher. 

Hero MotoCorp (up 1 per cent), Tata Steel (up 0.87 per cent), Bharti Airtel (up 0.7 per cent), Coal India (up 0.4 per cent), and Bajaj Auto (up 0.3 per cent), were the major Sensex gainers. 

Lupin (down 1.06 per cent), HDFC (down 1. 1 per cent), RIL (down 0.8 per cent) and SBI (down 0.8 per cent) were the major Sensex losers.

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