Benchmark indices opened on a negative note on Wednesday, as Asian markets dropped following a sharp fall seen in US stocks overnight.
At 9.22 am, the BSE Sensex was trading 160 points, or 0.50 per cent lower at 31,649.
Nifty50 was trading 60.05 points, or 0.60 per cent, lower at 9,892.15.
"We continue to expect index consolidating in a range of 9,855-10,000 for a while; but, during this, lot of individual stocks are likely to outperform. In such kind of scenarios, traders are advised not to participate in index specific trades; rather keep concentrating on selective mid caps that are showing excellent buying interest," Angel Broking said in a note.
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