Markets have opened marginally lower in trades today tracking flat global cues. The Sensex has opened at 17,607 down 26 points and the Nifty has opened at 5,337, lower by 8 points.
Sun Pharma is the top loser among the Sensex stocks, down 2% at Rs 668 on reports that the company will have to pay $600 million extra for the remaining shares Israeli drug major Taro Pharma under the new offer.
Sterlite Industries, Hindalco, Maruti Suzuki, Bajaj Auto, HDFC Bank, HDFC, Infosys, Tata Steel and Wipro have also opened lower by 0.5-1% each.
On the other hand, Coal India is the top gainer.
Tata Motors, Mahindra & Mahindra, Tata Steel, Reliance Industries, Jindal Steel, BHEL, ICICI Bank, Gail India, TCS and Bharti Airtel are also trading higher by 0.4-1% each.