Indian equity benchmarks on Wednesday failed to maintain the upward trend in opening deals, tracking weakness in Asian stocks. Asian shares slipped in volatile trade today, snapping an overnight Wall Street rally amid persistent worries about interest rate hikes by the central banks to tame inflation.
Trends on the Nifty Futures on Singapore Exchange (SGX Nifty) indicated a gap-down start for the domestic indices.
The 30-share BSE Sensex fell 380 points or 0.72 per cent to 52,152 in a volatile early session, while the broader NSE Nifty moved 119 points or 0.76 per cent down to trade at 15,520.
Mid- and small-cap shares were trading on a weak note today as Nifty Midcap 100 plunged 0.92 per cent and small-cap shed 0.86 per cent.