The market has kick-started first trading week of 2016 on lower note. The Sensex is down 155.31 points or 0.6 percebt at 26005.59 and the Nifty slipped 49.30 points or 0.6 percent at 7913.90. About 631 shares have advanced, 557 shares declined, and 791 shares are unchanged.
GAIL, HUL and Wipro are marginally in green while Bharti Airtel, M&M, Lupin, Hero MotoCorp and Tata Motors were laggards in the Sensex.
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The Indian rupee opened lower by 11 paise at 66.25 per dollar versus 66.14 Friday.
In Asian markets, key indexes fell anywhere between 1.5 percent and 2 percent, after Chinese PMI data rose 49.7 in December, versus 49.6 in November, indicating manufacturing activity still remains in contraction. The official services growth index, however, stood at 54.4.