Here's what the markets look like today

The Nifty remained under selling pressure in early deals on Wednesday as weak Asian markets exerted their negative influence on Dalal Street and the rate cut by China went unappreciated on Indian shores.

Trade will be choppy today as stocks approach the monthly end of futures and options expiry on Thursday.

The Nifty fell 10 points to 7,870 in initial trades, recovering from a low of 7,793. As a consequence, the Advance-Decline ration was 18/32. Vedanta, BHEL, Ambuja Cement, Dr. Reddy's and Hero Motors were the top five losers on the Index while Tata Power, Wipro, ONGC, Idea and Cairn posted strong to modest gains.

HDFC and Infosys were the top two traded stocks on the NSE along with Gujarat Pipavav Ports and ICICI Bank . All four stocks traded in the red.

The trend was mixed in the broader markets with bigger indices such as CNX 100, CNX 200 and CNX 500 showing a bit of green. Modest gains were seen on CNX Nifty Junior Index as well. But the Bank Nifty, CNX Finance and the CNX PSU Banking Index remained under bear control. Meanwhile, CNX Auto, CNX Energy and CNX Media edged up strongly in trade.

On the Bombay Stock Exchange, the Sensex fell 59 to 25,973 points with 13 stocks gaining versus 17 that fell. Hero Motors, Cipla, Axis Bank and ITC were among top losers while Wipro, Lupin, Coal India and GAIL inched up. State Bank of India was the top traded counter on the Sensex, which exhibited low volumes in the first hour of trade.

Overall, the Advance-Decline Ratio favoured the long side with 1,031 shares gaining versus 763 that fell on the Bombay Stock Exchange.

And in the futures and options space, the front month Nifty contract traded flat. PTC, India Cements and GMR Infra were top gainers while Federal Bank, SAIL, Hero Motor and Ambuja Cement fell in trade.

JK Cement, Gujarat Pipavav Port, GATI and BAG Films made it to the top volume buzzers list.

Image credit: Indiatimes