The market has opened on a weak note dragged by poor March quarter corporate earnings of key companies. The Sensex is down 138.45 points or 0.5 percent at 27392.96, and the Nifty is down 53.05 points or 0.6 percent at 8286.30.

Reports On Indian ADRs
• Indian ADRs ended lower on Tuesday.
• In the IT space, Infosys was down 0.51 percent at USD 31.32.
• Wipro was up 0.01 percent at USD 11.66.
• In the banking space, ICICI Bank was down 0.14 percent at USD 10.32.
• HDFC Bank slipped 0.8 percent at USD 58.77.
• In the other sectors, Tata Motors dipped 3.33 percent at USD 37.84.
• Dr Reddy’s Laboratories was down 2.32 percent at USD 55.05.

Indian Market Highlights
Tata Motors net profit down 56 pct as Jaguar Land Rover Chinese sales drop.Indian Prime Minister Narendra Modi urges farmers to boost output, skirts issue of rural distress.India to release money supply, reserve money data.India cbank to auction 91-day and 364-day treasury bills for 150 billion rupees.

The S&P BSE Sensex plunged as much as 156 points in trade on Wednesday, led by losses in Tata Motors, HDFC, ICICI Bank, Infosys and M&M. The 50-share Nifty index plunged over 50 points to break below its crucial psychological support level of 8300, weighed down by losses in IT, auto, realty and consumer durable stocks.

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