The Indian markets started the Wednesday session mixed, with both the benchmark indices opening almost flat, however, Sensex in the green and Nifty50 in the red, amid the weak global cues.

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The BSE Sensex gained 23.62 points or 0.04 per cent to 52793.3 levels, while Nifty fell by 3.7 points or 0.02 per cent to 15808.7 levels at open on Wednesday. The decline in Nifty Index is led by banking stocks as Nifty Bank slipped by over 87 points or a quarter per cent to 35585.8 levels today at open.

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In the broader markets, the mid-cap index outperforming the benchmarks grew by 56 points or 0.20 per cent to 27616.8 at open on Tuesday.  

Of 50 scrips on Nifty50, 25 advanced, and 25 declined minutes after the market open today. ICICI Bank, IndusInd Bank, and Kotak Mahindra Bank dragged the Index most at open as each declined by half per cent. UPL tumbled most at open by over 1 per cent, while Cipla too declined by 0.5 per cent. 

Meanwhile, information and technology scrips such as Infosys, Tech Mahindra and Wipro helped the index further decline as they surge between 0.3-0.6 per cent at open. Besides, Adani Ports and Asian Paints too gained most by 0.8 and 0.3 per cent respectively at the market open today. 

Except for the Nifty IT, Pharma, and Media Index, all other sectoral indices are in the red during the early morning trade on Wednesday. The IT Index surged over 1 per cent, whereas banking and financial Indices tumbled over 0.5 per cent minutes after the market open today.

On the global front, US markets on Tuesday close with losses amid profit booking after three days of gains which saw all the indices hit fresh new highs.  While Asian markets on Wednesday opened mixed as the Japanese 'Nikkei' traded almost flat after seeing profit booking in the US stocks.

On the other hand, Foreign Institutional Investors, one of the important triggers to domestic markets, bought shares worth Rs 113.83 crore in cash and Rs 344.19 crore in index futures.

The market on Tuesday had a positive day as the banking and financial stocks led by ICICI Bank and Axis Bank lead the pack, helping the Nifty50 to close above 15,800 levels. Midcaps also had a quiet day as the focus was back on ETF flows into large caps.