The market breadth was in favour of the declines on Wednesday morning with 384 stocks advancing as against 1220 declines while 405 remained unchanged. On the other hand, 673 stocks advanced and 1463 stocks declined while 87 remained unchanged on the BSE.
The Indian benchmark indices were trading flat with the Nifty shedding 21 points and was trading at 11,062 while the Sensex was down 45 points and was trading at 36,092.
CNX, IT was the outperforming sector which gained 0.7 percent as stocks like TCS gained 1.3 percent while HCL Tech, Tech Mahindra, and Wipro were the other gainers.
Nifty midcap was the biggest drag which was down 0.7 percent as stocks like JP Associates, OBC, SAIL, and Unitech traded lower.
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