By 10:25, the Sensex was lower by 144 points at 26,624 and the Nifty dipped 50 points at 8,065. Among broader markets, BSE Midcap and Small indices are down between 0.4-0.6%.

The market breadth is marginally negative. Out of 1,911 stocks traded on the BSE, there were 1,063 advancing stocks as against 761 declines.

Movement of rupee and crude prices coupled with progress of monsoons will dictate the trend on the bourses during the session.

In the currency front, the rupee weakened by 28 paise to trade at 64.03 against the dollar in early trade today at the Interbank Foreign Exchange on capital outflows by foreign funds amid strengthening of the American currency against others overseas.

Counters like Banks, Auto, Healthcare and Consumer Durables are trading lower by almost 1% each. Apart from Capital Goods and Metal segments, all the sectoral indices are trading in negative zone.

The top losers on the Sensex are Tata Motors, HUL, HDFC, Cipla and Sun Pharma.

On the gaining side, Coal India, Tata Power, Bajaj Auto, L&T and Axis Bank have risen between 1-2%.

Among other shares, Wockhardt has slipped over 3% after the company recalled over 200 bottles of Captopril tablets, used in treatment of blood pressure, and Clarithromycin antibiotic tablets manufactured in the US because of deviations in current good manufacturing practice norms stated by US Food and Drug Administration (FDA).

Sun TV has tanked 26% on the NSE on reports that the Ministry of Home Affairs (MHA) has struck down the proposal by the Information and Broadcasting (I&B) Ministry for giving security clearance to 33 television channels of Sun TV Network.

Bank of Baroda has slipped over 2% after the bank has decided to reduce the rates of interest payable on term deposits of below Rs 1 crore and Rs 1 crore to Rs 10 crore applicable to the renewable of existing deposits and fresh deposits with effect from 8 June 2015.