After opening at news record high levels, the domestic markets gave up their gains, as Sensex fell by over 50 points, and Nifty hovering 17100 on Wednesday. At around 11:35 am, Sensex trading down 52 points or 0.09 per cent to 57499.45, while Nifty down 30 points or 0.17 per cent to 17103 levels.

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The decline is mostly led by metal and information and technology, as the former Index fell by over 1.7 per cent, the latter slumped by over 1 per cent. Tata Steel dragging the market most, tumbled by over 2.5 per cent, followed by Bajaj Finserv down almost 2 per cent intraday trade today.

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Of 50 stocks on Nifty50, 23 advanced, while 25 declined and two remain unchanged intraday trade today. On the back of August auto sales numbers, auto stocks along with baking and financial stocks are aiding the markets from further fall.

Asian Paint surged most in a volatile trade today by 3.5 per cent, followed by Eicher Motors up 3 per cent and Axis Bank up over 2 per cent. While other stocks such as Nestle India and L&T are trading around 1 per cent in a mute trade on Wednesday.

Heavyweights such as HDFC Life, HCL Tech, Ultra Tech Cement, TCS, Mahindra and Mahindra, Hindalco, Infosys, JSW Steel, Maruti Suzuki have been declining over 1 per cent in volatile trade.

Except for Nifty Metal, IT, Auto, and PSU Banks all other sectors are in the green. Nifty Bank helping the Nifty Index, is surging by over 200 points or 0.6 per cent in volatile trade intraday on Wednesday.

Even, the broader market is trading mixed, as Nifty Mid-Cap defying the trend of the benchmark is surging near 100 points to 0.3 per cent to 28502.1 levels, while on the other hand, Nifty Small-Cap trading flat with negative bias, down 2.75 points or 0.03 per cent to 10,260.25 levels intraday on Wednesday.