Markets opened lower today weighed down by global cues as the European Central Bank meeting offered no hopes on a fresh round of stimulus. At 9:40am, the Sensex was down 36 points at 17,231 and the Nifty lost 13 points at 5,227.
Among the sectoral indices, FMCG, IT and Consumer Durables were the only indices to start in the green, gaining 0.2-0.6%. Meanwhile, Auto, Metal and Capital Goods started off losing 0.5-0.6%
Auto stocks were under pressure as car sales witnessed moderate growth in the month of July. The draggers here were Hero MotoCorp, Tata Motors, Bajaj Auto, Mahindra & Mahindra and Maruti Suzuki down 0.4-1%