Markets opened on a cautious note on Wednesday and extended losses into early trade, with the Sensex falling 210.88 points or 0.25 per cent to 84,927.39 from its previous close of 85,138.27. The index opened at 85,150.64. The Nifty declined 91.75 points or 0.35 per cent to 25,940.45 from its previous close of 26,032.20, after opening at 26,004.90.

“Nifty’s correction of about 300 points from the record high can be seen as a correction driven by technical factors like rejig in the Bank Nifty and the concerns arising from the continued depreciation of the rupee,” said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited. “A real concern now, which has contributed to the slow drifting down of the market, is the continued depreciation in the rupee and fears of further d

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