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    Equity indices open in red; Lakshmi Vilas Bank plunges 20%

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    The Indian equity benchmark indices opened in the red on Wednesday morning after the Reserve Bank of India (RBI) on Tuesday unveiled a draft scheme to amalgamate private sector lender Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL). At 09:16 am, the 30-scrip BSE Sensex was down by 53.93 points or 0.12 per cent at 43,898.78. Similarly, 50-scrip NSE Nifty was trading at 12,847.55, at 9:16 am, down by 26.65 points or 0.21 per cent.

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