Markets have opened on a lacklustre note, on back of subdued global cues. The Sensex opened at 16,886, down 50 points and the Nifty opened at 5,075, lower by 16 points.
Overnight, the US markets ended marginally in the green ahead of an eventful weekend as worries remained whether European leaders could reach a deal on further strengthening the region's rescue fund. Dow Jones added 37 points to 11,541. S&P 500 went up by six points to 1,215.
The Asian markets were trading on a lacklustre note. Hang Seng was down 3 points at 17,979, Taiwan shed 11 points to 7,232 and Nikkei was down 6 points at 8,675. The SGX Nifty was also trading lower by 26 points at 5,079.
Back home, DLF was the top loser among the Sensex stocks, down 3.3% to Rs 223. Sterlite Industries, HDFC Bank, NTPC, Cipla, Wipro, Hindustan Unilever, Infosys and Hero Honda were also among the laggards in the opening deals.
On the other hand, Maruti Suzuki was the top gainer on the Sensex. The stock jumped 2.2% to Rs 1,099 after the workers called off the two-week long strike at its Manesar plant. BHEL, Coal India, Sun Pharma, State Bank of India, Bajaj Auto and Tata Steel also advanced 0.6-0.9% each.
BSE Realty index was the top loser on the sectoral charts, down 0.9% to 1,792. Oil & Gas, IT and FMCG indices were in the red. At the same time, Capital Goods index was the top gainer, up nearly 1% to 10,864. Consumer Durables, Auto, Healthcare, Metal and Banking stocks also witnessed some bit of buying.
DLF, Prestige Estates, Phoenix Mills, Parsvanath Developers, Anant Raj Industries and Unitech were the top losers among the realty stock.
The Broader markets were trading on a flat note. The BSE mid-cap index was up 19 points at 6,172 and the small-cap index added 22 points to 6,888.
The overall breadth was marginally positive as 772 stocks were advancing while 547 were declining.
Meanwhile, NIIT, Larsen-and-Toubro, Asian Paints, Blue Dart and JSW Steel are set to announce their quarterly results later in the day.