Sensex Today | Share Market Live Updates : Sensex opens down 500pts, Nifty at 21,600, tracking Asian, US peers

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Eicher Motors, Wipro, Infosys, LTIMindtree and IndusInd Bank were the losers on Nifty, while BPCL, Adani Enterprises, Apollo Hospital Enterprises, Adani Ports, and Hindalco were the top gainers. Reliance Industries was the only stock in green among the constituents of the Sensex index.Indian benchmark indices were in the red at pre-open on Wednesday, tracking Asian and US peers down, on the back of hotter-than-expected US-inflation data.At opening bell, Sensex was down 519.94 points, or 0.73%, at 71,035.25 and Nifty was down 175.80 points, or 0.81%, at 21,567.45.Reviewing the banking, financial services and insurance sector's December quarter results so far, brokerage house Anand Rathi noted that the higher cost of fund (CoF) impact seen in banks has not yet hit non-banking financial companies.

The incremental CoF, however, is likely higher due to risk weight tweaking by the Reserve Bank of India, it added.Overall, the brokerage believes that large-cap private banks have better risk-reward than others in BFSI, as the government loosens its purse strings, improving the banking liquidity coupled with the robust underlying credit demand. (Read the full story here.)Indian benchmark indices were in the red at pre-open on Wednesday, tracking Asian and US peers down, on the back of hotter-than-expected US-inflation data.Sensex was down 508.538 points, or 0.71%, at 71,046.61 and Nifty was down 159.35 points, or 0.73%, at 21,583.90 during pre-open.Bank Nifty has once again bounced from its 200 day average support and crossover of 45,850 levels will give an upward breakout on daily charts.The key trend reversal level is at the 200 day average at 44,500 levels and being the lows for the last 2 weeks.RSI is moving higher from its