9.23 AM: Benchmark indices opened lower on May 13 with Nifty around 11,250

It is weak start for the week as benchmark indices opened lower on May 13 with Nifty around 11,250.

The Sensex is down 69.91 points at 37393.08, while Nifty is down 27 points at 11251.90. About 295 shares have advanced, 398 shares declined, and 46 shares are unchanged.

Tata Steel, Hindalco, Eicher Motors, Dr Reddy’s Lab Grasim Industries and Indiabulls Housing are among major losers on the indices, while gainers are TCS, SBI, Wipro, HCL Tech and Tech Mahindra.

Except FMCG and IT all other sectoral indices are trading in red.

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