Stock market today, Dec. 3 -- The domestic benchmark indices faced selling pressure during the opening trade on Wednesday, as the weakening Rupee and cautious investor sentiment impacted the markets.

With the Reserve Bank of India's Monetary Policy Committee (MPC) meeting starting today, and the significant global event of the Modi-Putin meeting on December 4-5 approaching, traders remained cautious in the early hours.

The Nifty 50 index commenced at 26,043.60, gaining 11.40 points (0.04%), but quickly dropped to the 25,942 mark, showcasing early volatility. The Sensex also began on a positive note at 85,180.72, increasing by 42.45 points (0.05%), but soon retreated to approximately 84,840 as selling pressure mounted.

Analysts indicate...