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The market opened lower on Friday following weakness in global peers. The Sensex fell 126.80 points to 28342.87 and the Nifty declined 43.30 points to 8591.35. About 470 shares have advanced, 576 shares declined, and 107 shares are unchanged on the BSE. 

Wipro, Sun Pharma, Tata Power, Coal India, Cipla, Lupin and Dr Reddy's Labs gained 0.5-1 percent. However, NTPC tanked 7 percent as the stock adjusted for debentures bonus issue. Tata Motors, HDFC, M&M, GAIL and Grasim lost 0.7-1.5 percent.

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