FX.co ★ Sensex, Nifty Open Lower With Earnings In Focus

Indian stock markets commenced Wednesday's trading session on a subdued note as investors exercised caution in anticipation of the upcoming U.S. presidential election and the Federal Reserve's rate announcement next week.

In early trading, the S&P BSE Sensex experienced a decline of 260 points, translating to a 0.3% drop, bringing it to 80,107. Similarly, the NSE Nifty index witnessed a decrease of 62 points, also a 0.3% fall, positioning it at 24,405.

Cipla shares plummeted by 4.2%, following analysts' warnings regarding imminent challenges facing the pharmaceutical leader. Torrent Pharma saw a 2.7% decline attributable to a block deal.

Voltas experienced a 6% downturn despite announcing impressive second-quarter earnings. On the contrary, Maruti Suzuki climbed 2.1% even as the company cautioned about diminishing demand for smaller vehicles.

Adani Enterprises surged more than 3%, buoyed by an impressive near eight-fold increase in net profit for the September quarter. Moreover, Marico ascended by 5.4%, driven by a robust 20% rise in consolidated net profit for the same period.