Nifty Hovers Around 8050, Sensex Weak, Banks Drag

After massive cuts yesterday, the market has again opened at 2015 lows. The Sensex is down 93.07 points at 26624.30 and the Nifty is down 40.50 points at 8056.50. About 294 shares have advanced, 487 shares declined, and 83 shares are unchanged. Cipla, Dr Reddy's Labs, GAIL, Axis Bank and Wipro are major laggards while TCS, NTPC, Coal India, ONGC and Infosys are top gainers in the Sensex. Indian rupee has opened at its lowest level in 2015, down 24 paise to 63.78 a dollar against previous day's closing value of 63.54 per dollar.

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