BSE Sensex and NSE Nifty opened more than per cent lower due to weak global cues. At 11.30 a.m., BSE Sensex was down by 274 points at 17,460. NSE nifty was down by 65 points at 5126. On Friday, Dow Jones industrial average was down by 142 points. NASDAQ was also known by 27 points at 2299.

Reliance capital was down by 4.74% in Rs. 1909. Among other major losers were Rolta India, Mahindra & Mahindra, ABB, ICICI bank, Thermax, Bajaj auto, GMR infra, HDFC and reliance energy.

Rolta India lost over 3.5 per cent. ABB was down by 3.2%. ICICI bank was trading at Rs 1107. GMR infra was down by three per cent. UTI bank was down by 2.6%.

Technology major Satyam computers was down by 2.4% at Rs. 446. The stock had gained decently in yesterday's trading session. Infosys technologies and TCS were also down by more than 2%.

Banking major State bank of India was down by 2.1 per cent HDFC bank was down by 2.3%.

Among major gain is into this trade were SKF India. The stock gained over 4% and was trading at 374 at 11:30 a.m. Another major gainer was IndusInd bank. The stock was trading 3.7% higher at Rs. 97. Aluminium major Hindalco Industries was trading with a gain of 2%.

As the global markets are offering negative cues, Indian markets are looking weak for the day. There may be some buying at lower levels in some select stocks. Technical analysts expect the stock markets to close with the loss of 1 to 1.5%.