Equity Benchmarks Opened Sharply Lower On Wednesday

Equity benchmarks opened sharply lower on Wednesday and erased all its previous day's gains, tracking weakness in global peers.

The 30-share BSE Sensex was down 201.91 points at 31,607.64 and the 50-share NSE Nifty fell 56.75 points to 9,895.45.

Nifty Midcap lost 0.7 percent as about three shares declined for every share rising.Bharat Financial Inclusion, Divis Labs, Adani Enterprises, JP Associates, Adani Power, HCC, Indiabulls Real, DLF, Idea Cellular, Escorts, Ujjivan Financial, M&M Financial, InterGlobe Aviation were down up to 3 percent. However, Just Dial rallied 5 percent as HDFC MF picked up stake in company.

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