Sensex opens marginally down; Maruti loses 4 percent
The 30-share BSE Sensex fell marginally in the opening trade amid profit booking post a 6 percent rally last week. Asian markets too were down. The BSE Sensex slipped 68 points to 17,737.03 and the NSE Nifty lost 27 points to 5,333.Maruti Suzuki fell 4 percent post disappointing Q2 results. The company's Q2 net profit skid 60 percent year-on-year to lower-than-expected Rs 240.44 crore and net sales slipped 16 percent to Rs 7537.45 crore.Hindalco, Sterlite, Tata Steel, DLF, Reliance Power, Reliance Communications, Reliance Infrastructure, Reliance Industries, Tata Motors, PNB, Axis Bank and Kotak Mahindra Bank were under selling pressure.However, Wipro gained nearly 3 percent post results. L&T, Siemens and ICICI Bank (ahead of results) were supporting the market.The market breadth was mixed; about 340 shares gained as against 400 shares declined.
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