Sensex Opens Flat, Nifty Hovers Around 8950; Kotak Bank Gains 2%

The market has opened flat on Wednesday as investors maintained cautious stance ahead of exit polls for assembly elections that will end today with last phase in Uttar Pradesh.

The 30-share BSE Sensex was down 20.72 points at 28978.84 and the 50-share NSE Nifty fell 3.90 points to 8943. About 467 shares advanced against 239 declining shares on the BSE. 

Hero Motocorp, Cipla, ONGC, Asian Paints, Tata Steel, Kotak Mahindra Bank and Bank of Baroda were early gainers while Infosys, Reliance Industries, Wipro, Bharti Airtel, Dr Reddy's Labs, Bharti Infratel, Aurobindo Pharma and Idea Cellular were under pressure.

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