Equity benchmarks opened lower on weak global cues. The Sensex declined 119.37 points to 26178.01 and the Nifty fell 53.45 points to 7806.50. Globally, the US markets logged their worst week since May 2012 with benchmark indices ending in the red for the third straight week after Standard & Poor downgraded its outlook for France to negative from stable. Indian rupee opened almost flat today but drifted gradually lower to test a low of 61.41, till writing this. On BSE, Midcap and Smallcap are trading lower by 0.21% and 0.11% respectively. On sectoral front, the top gainer is IT with gains of 0.52% while the worst performer is realty which is lower by as much as 1.75% as we write this.
Further the market breadth stands negative with 853 shares are seen advancing against 1263 declining shares.