After a day of gain, the market has once again opened lower on Wednesday. The Sensex is down 265.75 points or 1 percent at 24214.09 and the Nifty is down 85 points or 1.1 percent at 7350.10. About 132 shares have advanced, 526 shares declined, and 35 shares are unchanged.
BHEL, M&M, L&T, SBI and ICICI Bank are major losers in the Sensex. Sun Pharma is the only green stock in the Sensex.
Currency Market Opening Updates: The Indian rupee declined in the early trade. It has opened lower by 12 paise at 67.77 per dollar versus 67.65 Tuesday.
Asian Market News: Asian share markets slipped early as a relentless slide in oil prices wiped out an attempted rally on Wall Street and dealt a fresh blow to risk appetite. US crude wallowed at its lowest since 2003 after the world's energy watchdog warned the market could "drown in oversupply". US crude futures CLc1 shed another 49 cents to a new trough at USD 27.97 in early trade, while Brent crude LCOc1 was quoted at USD 28.76 a barrel.