Mumbai, April 28 (Inditop.com) A benchmark index for Indian equities Wednesday opened in the red and fell further as trading progressed to rule 177 points lower, about 30 minutes into trade.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,643.59 points, was ruling at 17,512.88 points, 177.74 points or 1 percent lower than its previous close at 17,690.62 points.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling at 5,260.2 points, a loss of 0.91 percent from its previous close at 5,308.35 points.

Broader market indices were also in the negative with the BSE midcap index ruling 1.19 percent lower and the BSE smallcap index trading 1.37 percent down.