GLOBAL MARKETS ROUNDUP
The S&P BSE Sensex started on a cautious note in morning trade on Wednesday led by losses in RIL, Infosys, ICICI Bank, HDFC, HDFC Bank.The Nifty50 was trading around its crucial support level of 7,700, weighed down by losses in oil & gas, consumer durable, capital goods, IT, and Pharma stocks.
Banking shares were witnessing selling pressure. The Bank Nifty was down 0.7 per cent at 15,826; Bank of Baroda, Canara Bank, Punjab National Bank, Bank of India, State Bank of India, ICICI Bank and HDFC Bank were among the laggards.

Indian ADRs News
• Indian ADRs ended lower on Tuesday.
• In the IT space, Infosys was down 0.17 percent at USD 18.51.
• Wipro was down 0.05 percent at USD 12.31.
• In the banking space, ICICI Bank was down 0.09 percent at USD 6.91.
• HDFC Bank shed 0.57 percent at USD 59.06.
• In the other sectors, Tata Motors was unchanged at USD 28.08.
• Dr Reddy’s Laboratories declined 1.62 percent at USD 45.88.

The market has opened weak on Wednesday. The Sensex is down 68.30 points or 0.3 percent at 25262.19 and the Nifty is down 11.30 points or 0.1 percent at 7703.60. About 375 shares have advanced, 264 shares declined, and 25 shares are unchanged. Hindalco, Tata Steel, Hero MotoCorp, Bharti and Coal India are top gainers while SBI, ICICI Bank, Reliance, Axis Bank Bank and HDFC are losers in the Sensex.

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