New Delhi: On account of negative cues from Asian markets and absence of any fresh trigger to boost the trade, the markets on Wednesday predictably opened on weak note, with the bulls continue to unwind their positions in opening trade.
The benchmark Sensex has declined over 66 points in the opening trade following sustained selling by funds and retail investors.
The BSE-30 share index, Sensex, which lost over 310 points in the last three sessions, was down by another 66.57 points at 13,698.89 in the first five minutes of trading.
Similarly, on the wide-based National Stock Exchange, Nifty was down by 16.90 points at 4,060.10.
IT and capital goods stocks were the worst hit on Wednesday and the market breadth was negative.
Stockbrokers said sustained selling by foreign funds and domestic participants mainly dampened the trading sentiments.
They said overnight weakness in Indian company's ADRs at the US markets also impacted sentiments.
Major losers were Reliance Industries, Reliance Capital, Hindustan Lever, ITC Ltd, Ranbaxy Lab and Sterlite Industries on selling pressure.
Meanwhile, stocks of Fortis Healthcare were listed at Rs 106 on the bourses against the offered price of Rs 108.
Asian stocks were mostly in the red on Wednesday.
Japan's Nikkei was flat at 17,658.19, Hong Kong's Hang Seng gained 0.23 per cent or 47.91 points at 20,754.26, South Korea's Seoul Composite rose 0.08 per cent or 1.19 points at 1,583.84. However, Taiwan's Taiwan Weighted plunged 0.21 per cent or 17.28 points at 8,078.56 and Singapore's Straits Times was down 0.15 per cent or 5.13 points at 3,434.08.
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