The Indian stock market opened in red on Wednesday as selling was seen across sectors, except private banks, in early trade.
Sensex was trading at 78,260 after slipping 414 points and Nifty was trading at 23,706 after dropping 167 points.
The market trend remained negative. On the National Stock Exchange (NSE), 335 stocks were trading in green, while 1,948 stocks were trading in red.
Nifty Bank was at 51,194.40 after gaining 36.60 points or 0.07 per cent. Nifty Midcap 100 index was trading at 54,375.30 after falling 882.20 points or 1.60 per cent. Nifty Small cap 100 index was at 17,618.75 after a huge fall of 372.85 points or 2.07 per cent.
M&M, Tata Steel, Maruti, Sun Pharma, Reliance, Nestle India, JSW Steel and Power Grid were the top losers in the Sensex pack. NTPC, Bharti Airtel, Hindustan Unilever, Asian Paints, Kotak Mahindra Bank, Axis Bank and HDFC were the top gainers.