The Indian benchmark indices witnessed flat opening on Wednesday, after declining over 1 per cent yesterday as Reserve Bank of India (RBI) disappointed with its second quarter monetary policy review where it left repo rate untouched gain, slashing the CRR by 25 basis points. Small cap and mid cap stocks were supporting the market breadth today. Banking stocks remained under pressure today also, following RBIAC’s decision to hold rates and raise the provision requirements for bad assets.

At 9:30AM BSE SENSEX was at 18432.11 up by 1.26 points or by 0.01 % and then NSE Nifty was at 5596.75 down by 1.15 points or by 0.02 %. The BSE MIDCAP was at 6521.18 up by 12.54 points or by 0.19 %, while the BSE SMLCAP was at 6966.13 up by 11.39 points or by 0.16 %.

Asian share markets were mixed on Wednesday after Wall Street stayed closed for a second day as a hurricane ravaged the East Coast of the United States. The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 1275 , shares advanced were 685 while 526 shares declined and 64 were unchanged.

Dr Reddy’ s led the gainers chart after reporting a 32 per cent jump in net profit for the quarter ended September, beating Street expectations on the back of strong sales of generic drugs in its key North American market.

The top gainers of the BSE Sensex pack were Dr. Reddy’s Laboratories Ltd. (Rs. 1751.50,+1.65%), Wipro Ltd. (Rs. 350.70,+0.94%), Maruti Suzuki India Ltd. (Rs. 1403.25,+0.62%), Infosys Ltd. (Rs. 2372.00,+0.62%), Mahindra & Mahindra Ltd. (Rs. 878.55,+0.54%), among others.

The top losers of the BSE Sensex pack were Bharat Heavy Electricals Ltd. (Rs. 224.70,1.49%), Larsen & Toubro Ltd. (Rs. 1624.65,0.81%), Hero MotoCorp Ltd. (Rs. 1858.95,0.69%), Jindal Steel & Power Ltd. (Rs. 377.00,0.62%), Housing Development Finance Corporation Ltd. (Rs. 746.00,0.49%), among others.