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The market has opened lower again following weak Asian cues. The Sensex fell 23.13 points to 25287.20 and the Nifty declined 5 points to 7696.70. BHEL, ITC, HUL, Tata Steel, Sun Pharma, Asian Paints, Tata Motors and Cipla were early gainers while Dr Reddys Labs fell 3.5 percent. GAIL, Vedanta, Bharti Airtel, Hindalco and UltraTech Cement were under pressure.
Bharti Airtel was the top loser from the Nifty-50 basket of stocks. Bharti Airtel fell 2.6 per cent to Rs 310. Dr Reddy's Labs, Vedanta, UltraTech Cement, Idea Cellular, Tata Steel, Hindalco and ONGC were also among the losers.Selling pressure was visible in most of the sectors. Metal, realty, oil & gas and PSU banking shares were the worst hit in the opening deals. At the same time, some amount of buying was seen in FMCG stocks.
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