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Sensex, Nifty down; weak crude no cheer; ITC up 2%

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Benchmark indices opened weak Wednesday, with the Sensex down around 40 points to 28298 and the Nifty down 18 points to 8845.

Banking shares were under pressure in early trade, with the Bank Nifty down around 140 points to 17896.

Shares were up around 2 percent to Rs 362 even as the government has accepted the recommendation of an expert panel to ban sale of loose cigarettes, and has moved a Cabinet note to tweak the anti-tobacco law.

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