Mumbai: The market opened marginally lower with the Sensex down 33.62 points at 26855.55. Nifty on the other hand slipped 21.65 points trading at 8121.95.
BHEL, L and T, Dr Reddy’s Labs, TCS and ITC were amongst the top gainers in the Sensex. Among the losers were Hindalco, Vedanta, Infosys, Tata Steel and ONGC.
The Indian rupee declined further in early trade. The currency opened at 64.88 per dollar, down 13 paise compared to previous day’s closing value of 64.75 a dollar.
According to Ashutosh Raina, HDFC Bank, IIP numbers and CPI is expected as per lines.
The dollar traded near 3 weeks low on doubts whether the US Fed would raise interest rates later this year in the face of a weakening global economy.