Stock Market Opening Bell Today: After the Fed outlook for weak US economy the Indian indices opened in the red zone in the opening bell today. The BSE Sensex shed 117 points and hit 39,185 levels while the 50-stocks NSE Nifty dipped 30 points to 11,573 levels. Bank Nifty index shed 233 points and touched 22,340 mark.

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Speaking on current market scenario Simi Bhaumik, a SEBI registered technical equity analyst said, "Market is facing strong hurdle at 11,550 to 11,600. Once it clears this hurdle, we can expect it to hit 11,800 soon." Bhaumik said that pharma, auto and IT stocks will outperform other sectors in next few trade sessions.

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Happiest Minds IPO logged bumper listing as the IT company's initial offer opened got listed at Rs 385 at the NSE.

Shares of HCL Technologies, Grasim Industries, Tech Mahindra, Dr. Reddy's Labs,ONGC, Coal India Limited, Hero MotoCorp and Asian Paints were among the leading gainers in the opening bell today while shares of Can Fin Homes, Radico Khaitan, KEI Industries, Vodafone Idea, Hindalco Industries and Yes Bank were among the leading losers in the opening bell.

Banking stocks received maximum beating as the BSE Banking index shed to the tune of 0.80 per cent in the opening bell today. Banking majro HDFC Bank share price dipped near 1 per cent, ICICI Bank shares dipped 1.19 per cent, shares of Kotak Mahindra Bank went offf 0.75 per cent while State Bank of India or SBI stocks shed 0.66 per cent.

Among the major Asian indices, the Japanese Nikkei 225 index crashed 0.68 per cent, Hang Seng nosedived 1.84 per cent, Kospi dipped 1.28 per cent while Shanghai market went southward 0.99 per cent in the opening bell today.