Indian benchmark indices on Wednesday opened flat with the Nifty just above the 11,900 mark. The Sensex fell 23 points to 40,321. (9.20AM)

All sectoral indices traded flat to positive, except Nifty Media which was down by over 2% led by DishTV and SunTV.

Nifty Pharma was the top outperformer followed by Nifty Metal.

Britannia Industries, Yes Bank, Coal India, TCS, and Wipro, were among the top gainers on the indices, while Infosys, Zee Entertainment, Hindalco, and Gail were the top losers.

India's September IIP contracted 4.3% yoy.

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