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Sensex, Nifty open lower; Cipla falls 2%, IDFC gains 2%

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The market fell marginally in opening trade on last day of the week. The Sensex declined 58.69 points to 28826.52 and the Nifty slipped 18.25 points to 8760.05. About 583 shares have advanced, 398 shares declined, and 97 shares are unchanged on the BSE.

Cipla lost more than 2 percent. Hindalco Industries, Sun Pharma, Tata Steel, HDFC, PNB, Asian Paints and Zee Entertainment slliped 0.5-1.5 percent. However, IDFC rallied 2.2 percent. HCL Tech, Idea Cellular, ONGC, Wipro, Reliance Industries, Sesa Sterlite and Infosys gained 0.5-1 percent.

The Indian rupee has opened marginally lower at 62.30 per dollar today against previous day's closing value of 62.24 a dollar.

The dollar hovered at three week highs against a basket of major currencies as the hapless euro extended its decline.

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