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Even as the global sentiment improved after the release of US CPI data, Indian equity indices slipped into the red for the fifth straight session on Wednesday.

Now, till the index remains below 17,171 zones, weakness could continue towards next support of 16800-16666 levels while on the upside hurdles are seen at 17,171 and 17,250 levels, said Chandan Taparia of Motilal Oswal.Volatility is quoting near the highest levels of the last 28 trading sessions, thus giving an edge to bears in the market

Equity MFs have seen the highest inflows in 9 months at Rs 15,685 crore

March 17 has been fixed as the record date. On the ex-split date, investors holding the stock till the record date will receive new shares in demat accounts.

The Indian rupee weakened against the U.S. dollar on Wednesday, falling below 82.50 on dollar demand from foreign banks and importers. The rupee last traded at 82.5950 to the dollar, compared with 82.49 in the previous session. The local currency had opened at 82.31. The rupee struggled after the open on dollar demand from foreign banks and from a large public sector bank, according to traders. Foreign banks were likely buying dollars for their custodial

The markets are selling off globally and to that point, India is facing a little bit of pressure. However, we continue to trade above the long-term average of 17 times multiple in the Indian markets and there is a possibility that we could drift down towards those levels and 16,800 to 16,900 levels is where the market might find support. Additionally, one should be focussing more on domestic themes, d where there is a lot of value in the stocks.

Banking, financial and IT stocks were under heavy selling pressure. Domestic gains were short-lived, as European markets fell on fears that the ECB would raise interest rates by at least 25 bps at its meeting on Thursday

"Spot gold in the Delhi markets traded at Rs 57,070 per 10 grams, down Rs 310 per 10 grams," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

"The answer is absolutely not, for many reasons outside the simplest reason which is regulatory and statutory," Saudi National Bank Chairman Ammar Al Khudairy said in an interview with Bloomberg TV.

Shareholders can counterbalance market losses against gains and carry forward any residual losses to subsequent fiscal years to lower their tax liability.