Coal India is the top loser among the Sensex stocks it has opened lower by nearly 1% at Rs 356 after the company agreed to supply at least 80 per cent of the coal needed to fuel new power projects, a condition earlier set by the government.
On the other hand, Cipla continues to trade on a strong note consecutively for the third day after it posted 58.19% rise in net profit at Rs 400.76 crore for the first quarter ended June 30, 2012. The stock has opened higher by, up 6.6% at Rs 361.
On the sectoral front, IT, oil & gas, teck and metal indices have opened lower. While, healthcare index is the top gainer, up 97 points or 1.4% at 7,238. Realty, power, capital goods and auto indices have opened higher by 0.3-0.8% each.