The market has once again opened lower with Bank Nifty hitting fresh 52-week low. The Sensex is down 129.36 points or 0.5 percent at 23891.62, and the Nifty slips 35.25 points or 0.5 percent at 7262.95. About 197 shares have advanced, 444 shares declined, and 34 shares are unchanged.
Tata Motors, ICICI Bank, Dr Reddy's Labs, Lupin and ONGC are major losers while Infosys, Hindalco, HDFC Bank, HUL and Maruti are top gainers.
The Indian rupee opened flat at 67.90 per dollar versus previous close of 67.90. The US dollar fell to its lowest level in nearly four months as fears of a global economic.
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