Live Equity Market Updates: Sensex, Nifty open lower

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9:30 am Buzzing: Shares of Kilburn Engineering gained 9 percent intraday as it has approved a proposal to merge McNally Bharat Engineering with itself.

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.

Wall Street shares were mixed on Tuesday. The S&P 500 lost 0.09 percent while the Nasdaq Composite added 0.27 percent. But emerging markets fared better, with MSCI's emerging market index rising 0.2 percent to four-month high, having gained more than 20 percent from its seven-year trough high in January.