Mkts open lower on weak global cues

The markets have opened lower on the back of weak global cues and selling pressure in banking, technology, realty, telecom, capital goods, power and oil marketing stocks. Midcap and small cap stocks are also trading lower.

At 9:56 am, the Sensex was down 228 points at 17,111 and the Nifty down 58 points at 5076.

Sail, ICICI Bank, Idea, Reliance Comm, Infosys, Bharti Airtel, SBI, Unitech and HDFC Bank were losers in early trade.