The markets have opened lower and lost some ground on the back of profit booking after yesterday's sharp rally across the sectors and weak Asian cues. Metal, capital goods, technology and auto stocks are under selling pressure while realty stocks gained.
At 9:56 am, the Sensex was down 30 points at 15,725 and the Nifty down 3 points at 4757.
Losers were Suzlon, Hindalco, L&T, Wipro, SAIL, Nalco, TCS, Reliance Energy, Maruti, M&M and Tata Comm. However, DLF, Reliance Comm and Unitech were gainers.
Orchid Chemical continued its upmove and went up 6% in early trade as Ranbaxy's group company, Solrex Pharma increased stake to 11.39% in the company. In another block deal - 3 lakh Orchid Chem shares changed hands on BSE at Rs 225.90/sh.
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