The Indian stock market opened on a weak note on Wednesday, extending its losing streak and marking 12 consecutive months of negative returns. Both benchmark indices started the day in red as global and domestic headwinds continued to weigh on investor sentiment.
The Nifty Bank opened at 55,060, up by 182.85 points, or 0.33 per cent. The Nifty Midcap 100 also opened in green at 56,249.60, up 66.90 points or 0.33 per cent.
A broad-based rally characterized the month of November, with Nifty gaining 5.5 per cent, closing at 20,133 levels. Notably, Nifty Midcap 100 and Nifty Small Cap 100 indices outperformed, registering gains of 10.4 per cent and 12 per cent, respectively.