Here's how the Markets opened today

Major indices came under selling pressure at the start of play on Wednesday as traders refrained from long positions on the back of weak overseas cues. Energy and pharma stocks were in a mild uptrend in initial deals.

The Nifty fell 13 points to 8,453 in early deals on the NSE. The Advance-Decline Ratio slipped to 18/32 with Bharti Airtel, Asian Paints, NMDC, Tata Steel and Hindalco taking the top five losers' slots on the Index while Sun Pharma, BPCL, Cipla, HCL Tech and ACC occupying the top gainers list. Tata Elxsi remained the top traded stock on the NSE for the second day with 261 crore rupees worth of shares changing hands.

State Bank of India and Dr. Reddy's remained in demand as well.

Broader indices slipped in trade. The CNX 100, CNX 200 and CNX 500 and CNX Nifty Junior Indexes showed minor downticks. The CNX Small Cap and the CNX Mid Cap Indexes were marginally higher. The Bank Nifty fell 38 points to 18,757 as well as the CNX PSU Bank Index which shed 0.3 percent in trade. CNX IT, CNX Energy and CNX Pharma indices were up on Wednesday.

And on the Bombay Stock Exchange, the Sensex traded flat at 27,818 in the first 20 minutes of trade. As a consequence, the Advance-Decline Ratio stood at 12/18. M&M, Coal India, HDFC Bank and NTPC shed weight on the Sensex while Sun Pharma, Cipla and Lupin were gainers on the Sensex, where Dr. Reddy's was the top traded counter.

The Futures and Options market had a tepid kick off in Wednesday's trade with an Advance-Decline ratio of 71/90. JP Associates, JP Power and Sun Pharma were the top gainers on the derivatives markets while Amtek Auto, Bharti Airtel and Hind Zinc making it on the losers. list.

The broader market was in fine shape in early deals. The Advance-Decline Ratio stood at 887 shares that gained versus 598 shares that fell.

Geometric Ltd. TCI Finance, Banco Products and Nitin Spinners were on the top volume buzzers list, while Himatsingka Seide,Rajesh Exports and Glenmark Pharma struck fresh record highs on the NSE.

Image credit: Indiatimes