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Nifty opens down on weak global cues.

The Sensex fell 53 points to 17,331 and the 50-share NSE Nifty declined 13 points to 5,240.

Bharti Airtel, GAIL, NTPC, BHEL, Ambuja Cements, IDFC, Larsen & Toubro, TCS, JP Associates, Infosys and HCL Tech were down in early trade.

BPCL, Cairn India, Ranbaxy Labs, State Bank of India, SAIL, Punjab National Bank and Tata Power were trading higher.United Spirits was up 3% and United Breweries rose 0.4%. Tech Mahindra gained 1%.Ashok Leyland was up 2%.

Suzlon, Kingfisher, Dish TV, Mahindra Satyam and Shree Renuka moved up 1-1.5%.

National Fertilisers rallied 3%. REC, RCF and MTNL were down more than 0.5%.



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