Here's how the Markets opened as the Sun rose

The Nifty showed a modest uptick in early deals on Wednesday as stocks bounced back on short covering by bears after three days of intense selling. Overall, the mood remains downbeat on Dalal Street.

The Nifty rose 33 points to 7,819 after hitting an early low of 7,781 points. Banks remained on the chopping block. Therefore, Punjab National bank, Bank of Baroda and Kotak Bank were the top losers on the index. Bajaj Auto, ACC and Sun Pharma posted modest gains. The Advance-Decline Ratio was 20/30 on the Nifty.

Indiabulls Housing Finance, HDFC and Larsen were the top traded counters on the NSE and all of them saw action on the negative side.

There were modest gains on broader indices. The CNX 100, CNX 200, CNX 500, CNX Midcap and CNX Small Cap Indices rose between 0.2-0.4 percent. The Bank Nifty inched up marginally. Auto stocks remained under pressure post tepid August sales numbers. The CNX FMCG and CNX IT Indices posted gains, exhibiting the defensive nature of the market.

The Sensex rose 57 points, or 0.2 percent, to 25,753 points on the Bombay Stock Exchange. ITC, Lupin, TCS and Sun Pharma were top gainers on the Index while Hero Motors, ONGC, Vedanta and GAIL slipped in trade. The Advance-Decline Ratio was 18/12.

State Bank of India, Tata Steel and Larsen were the top traded stocks on the Sensex.

The mood was upbeat at the start of trade in the futures and options segment with 124 stock futures rising compared with 35 that fell. Reliance Communications, DLF and Reliance Capital futures were the top gainers while Cairn, ONGC and United Breweries came under selling pressure.

Majesco, Tata Coffee and Essar Oil made it to the top volume buzzers list while Dishman Pharmaceuticals hit a fresh high on the NSE.

Image credit: Indiatimes