SH Kelkar up 25% on debut|Nifty at 7700 showing pressure ;

The market has opened on lower level. The Sensex is down 89.45 points or 0.3 percent at 25521.08. The Nifty slips 29.60 points or 0.4 percent at 7732.65.

 Dr Reddy's Labs, Tata Steel, GAIL, NTPC and L&T are top gainers. Among the losers are ONGC, Infosys, Bajaj Auto, Hindalco and Wipro. The Indian rupee slipped in early.

It has opened lower by 10 paise at 66.20 per dollar versus 66.10 Friday. Pramit Brahmbhatt of Veracity said, "We expect the rupee to depreciate today as Asian markets have already opened on a weak note which will force local equities to trade lower.

The gain in dollar is likely to hurt the rupee." Asian stocks were hit by a sell-off early, with sentiment badly dented by brutal terrorist attacks in Paris.

SH KELKAR:- Shares of Fragrance maker SH Kelkar & Company have seen strong buying interest on listing day. The stock has opened at Rs 216 on the National Stock Exchange, up 20 percent over its issue price of Rs 180. It touched an intraday high of Rs 225.05, up 25 percent.

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