The domestic equity markets started off Wednesday on a negative note amid volatility and sell-off. Benchmarks Nifty50 and S&P BSE Sensex opened at 17,939.35 and 60,179.93, respectively.

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The Bank Nifty remained under pressure as the banking index sheds nearly 200 points to open at 38,113.40.

 

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Asian Paint, Eicher Motors, Tata Motors, SBI were top gainers, while Reliance, Axis Bank and UPL were top laggards on the Nifty index.

As many as 12 shares advanced, while 18 declined on the Sensex.

In the pre-open, the Nifty surpassed crucial 18,000-level and the Sensex started nearly 150 points down to 60,179.

Earlier, the SGX Nifty traded 60 points lower in the morning trade, indicating a negative opening for the Indian indices.

Asian markets largely traded in the red on Wednesday morning. Japanese Nikkei 225 Index was trading lower by 74 points to 29,731, Hang Sang Index at Hong Kong Exchange was down 0.18% to 25,667, while Chinese Shanghai Composite Index was trading flat at 35 22 in the early morning trade on Wednesday.

The major US stock markets had closed with gains in the green on Tuesday. Dow Jones added 55 points to 36,142, Nasdaq closed at 15,974 with gains of 120 and S&P 500 advanced 0.39% to 4,701 in Tuesday's closing.

The Indian markets closed below crucial support levels after snapping two-day winning streak on Tuesday.

(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)