Markets open weak; Sensex drops 174 points while Nifty dips 56 points

Mumbai (Maharashtra) [India], January 4 (ANI): The equity market opened weak and then traded in the negative territory on Wednesday morning, tracking weak global cues. The investors were on wait-and-watch mode in morning trade, anticipating the minutes of the US Federal Reserve's latest policy meeting which were due later on Wednesday.

BSE Sensex declined 174 points to 61,119.75 while NSE Nifty50 dropped 56 points to 18,1