Nifty below 8050, Sensex weak; Reliance & Tata Steel gain

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The Sensex is down 50.39 points at 26731.05, and the Nifty slips 26.40 points at 8041.20. About 263 shares have advanced, 331 shares declined, and 23 shares are unchanged.

M&M, Dr Reddy's Labs, Bharti Airtel, Cipla and Hindalco are among the laggards. The gainers include Tata Steel, NTPC, Tata Motors, Reliance and BHEL.

The Indian rupee slipped further in the early trade. It has opened lower by 24 paise at 63.77 per dollar versus 63.53 Tuesday.

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