Equity benchmark Sensex dropped over 200 points in early trade on Wednesday.
At 10: 15 am, The 30-share index was trading 268.20 points higher at 31,721.71, and the NSE Nifty was up 77.45 points to 9,283.05.
The oil marketing companies including HPCL, BPCL and IOC remained under pressure in the early trade after the government has hiked the excise duty on the petrol and diesel.
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