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Indian shares opened lower on Wednesday, tracking weak cues from global markets<\/span> as investors fretted about the Chinese economy<\/span>, higher U.S. interest rates and the health of the U.S. banking sector.<\/p>\n The benchmark S&P BSE Sensex was down 240 points, or 0.4 percent, at 65,160 in early trade, while the broader NSE Nifty index was down 85 points, or 0.4 percent, at 19,349.<\/p>\n Adani Enterprises fell about 1 percent and Adani Ports lost 1.5 percent after capital market regulator SEBI sought more time to conclude its inquiry in the Adani-Hindenburg case.<\/p>\n HDFC Life, Hero MotoCorp and Hindalco were down 1-2 percent. <\/p>\n Divis Laboratories fell more than 1 percent on reporting a 49 percent fall in quarterly profit.<\/p>\n InterGlobe Aviation slumped 4 percent on reports that co-founder Rakesh Gangwal will sell shares worth Rs 3,730 crore through a block deal.<\/p>\n Vodafone Idea declined 1.5 percent after widening its Q1 net loss.<\/p>\n ONGC was little changed and Reliance Industries dropped half a percent after the government hiked windfall tax on domestically produced crude oil and on export of diesel. <\/p>\n IDBI Bank was down 0.7 percent on reports that the strategic sale of the bank is likely to get pushed to FY25.<\/p>\n Mahindra & Mahindra edged down slightly after unveiling The Thar.e, an electric concept SUV, during an event in Cape Town.<\/p>\n Infosys rose 1.4 percent after signing an initial five-year agreement worth 1.5 billion euros ($1.64 billion) with Liberty Global. <\/p>\n ITC gained 1.5 percent after its board approved hotel business<\/span> demerger. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n