The stock market opened lower, analyzing the global market. The BSE Sensex fell 91.41 points to 28279.43 and the NSE Nifty declined 24.45 points to 8565.35. About 495 shares have advanced, 278 shares declined, and 71 shares are unchanged on the BSE.
GAIL, Lupin and Wipro lost 1-3 percent post first-quarter earnings. Vedanta and ICICI Bank slipped over 1 percent. However, Sun Pharma, Bajaj Auto, TCS, Axis Bank, Reliance Industries, Cairn India, BPCL and HCL Tech are early gainers.
Oil prices rose in Asia following recent losses but analysts said the rebound is unlikely to be sustained because of a global crude glut.
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