The market erased early gains to trade marginally lower. Banking & financials and telecom stocks dragged while pharma, technology and select auto stocks supported the market.
The 30-share BSE Sensex fell 35.86 points to 25453.71 and the 50-share NSE Nifty declined 10.65 points to 7804.25. The market breadth was marginally positive as about 999 shares advanced against 756 declining shares on BSE.
The Indian rupee opened lower by 13 paise at 66.90 per dollar versus 66.77 Friday.
"The rupee is expected to depreciate for the day taking cues from flat to negative global equity markets."
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