Mumbai, Sep 24
The Indian benchmark indices opened marginally lower on Wednesday, on the back of weak global cues, with broad-based selling across all sectors, except PSU bank.
As of 9.21 am, the Sensex was down 289 points, or 0.35 per cent at 81,813 and the Nifty was down 87 points, or 0.35 per cent at 25,082.
Investor sentiments were weighed down by comments from US Fed Chair Jerome Powell about stagflation risks and elevated asset prices. Additionally, the impact of US visa curbs, ongoing foreign outflows, and persistent valuation concerns in domestic markets acted as headwinds for the stock exchanges.
The broad cap indices Nifty Midcap 100 dipped 0.45 per cent, and the Nifty Smallcap 100 lost 0.20 per cent.
Trent, SBI, Asian Paints, Maruti Suzuki, and ONGC are among the major gainers on the Nifty pack, while losers include Hero MotoCorp, Titan Company, Tech Mahindra, Tata Motors, ICICI Bank.