Stock markets opened lower on Wednesday with weak global cues, after International Monetary Fund cut India’s growth outlook by 20-basepoint to 7.3% for the current FY.

At 10.20am The Sensex slipped 26-pts at 38,931, while the NSE’s Nifty was at 11,666-level, down 5-pts.

Cipla, Tata Motors, Wipro, Coal India, Dr.Reddys were among major gainers at this point, while Cipla, Tata Motors,WiproLtd and Coal India were losers.

On the sectoral space NSE, auto and financials were trading lower, while Nifty Realty index advanced 2.78pc followed by metal, media, FMCG and banking stocks.

HDFC Bank, ICICI Bank, YesBank and Indiabulls HousingFinance were seen to be the most active stocks on the NSE.