Market opens lower on some selling

The Bombay Stock Exchange benchmark Sensex on Tuesday opened 36 points lower on profit selling in bluechips like TCS and ICICI Bank. The 30-share index, which had gained 273.22 points in the previous session, fell by 35.91 points to 17,302.26 points.

The Bombay Stock Exchange benchmark Sensex on Tuesday opened 36 points lower on profit selling in bluechips like TCS and ICICI Bank.

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The 30-share index, which had gained 273.22 points in the previous session, fell by 35.91 points to 17,302.26 points.

The wide-based National Stock Exchange index Nifty also shed 9.15 points to 5,188.55 points.

Marketmen said cautious investors were seen booking profit after a recent surge in fundamentally strong stocks.

Software major TCS fell by over 1 per cent, while ICICI Bank was down by nearly 1 per cent in early trade.

In Asia, Japanese Nikkei was trading 0.38 per cent lower while Hong Kong's Hang Seng Index was unchanged in early trading.