Mumbai: The SENSEX opened weak and dipped below 3,200-level at early stages in line with continued slide in key stocks on the Bombay Stock Exchange (BSE) on June 26 due to fresh selling pressure from investors.

Investors, who had turned cautious in the light of consistent selling by foreign institutional investors (FIIs), which have made fairly heavy net sales in the current month so far, seemed to be unloading shares of Reliance Industries Limited (RIL) after its chairman Dhirubhai Ambani was hospitalised and is believed to be critical since June 25.

The BSE Sensitive Index opened lower at 3,200.79 as against a close of 3,214.34 on June 25 and later dipped to a low of 3,193.72 before being quoted at 3,201.63 at 10:30 hours (IST).

A sharp negative turnaround in NY shares on June 25 night also had adverse impact on the sentiment. The NASDAQ Composite Index dipped by 36.35 points and the Dow Jones Industrial Average was down by 155 points on June 25.

IT stocks were under pressure due to the NASDAQ factor. Infosys Technologies and Satyam Computers were quoted modestly lower on selling by institutional investors.

Punters, however, were seen making selecting buying in low-priced second-line stocks.

PTI