TheIndian stock market traded on a flat-to-negative note on Wednesday morningtracking decline on the global markets.
Sellingpressure was witnessed in banking and finance stocks. Around10.25 a.m, Sensex was trading at 52,712.64, lower by 57.09 points or 0.11 percent from its previous close of 52,769.73.
Itopened at 52,801.44 and has so far touched an intra-day high of 52,801.44 and alow of 52,611.97 points.
TechMahindra, HCL Technologies and Sun Pharmaceutical Industries were the topgainers on the Sensex, while the major losers were HDFC, Hindustan Unilever andMaruti Suzuki India.
TheNifty50 on the National Stock Exchange was trading at 15,794.35, lower by 18.00points or 0.11 per cent from its previous close.
ManishHathiramani, technical analyst, Deen Dayal Investment said: "Once againthe index has opened on a tepid note. The range bound movement of the Nifty ischallenging and testing the patience of traders. Until we do not get pasteither level of this range which is currently between 15,400 and 15,900, wewill not witness momentum and a one-sided trading opportunity."