Equity benchmark indices snapped yesterday’s rally and opened lower in the morning trade as market participants seem to be cautious ahead of the Q2 corporate earnings announcement.

The Sensex was trading 143 points lower at 38,035 levels, while Nifty50 index was trading at 11,276, down 37 points.

The Indian rupee opened higher by 12 paise at 70.95 per dollar against previous close of 71.07/$.


Airtel, Grasim, Infratel and Reliance Industries are among the gainers, while Yes Bank, Tata Motors and Tata Steel are the top losers on the Nifty.

The Bank Nifty slipped 1% led by Yes Bank, RBL Bank and Bank of Baroda. All the components in the Bank Nifty index are trading in the red.