Mumbai: Share prices opened lower and drifted further downwards at opening session on the Bombay Stock Exchange (BSE) on September 10 on fresh selling by operators.

The September 9 favourite and among the top heavyweights, Infosys Tech, dropped sharply on profit- booking by local funds.

Other heavyweights like RIL, Tisco, HLL, HCL Techno, Grasim, Ranbaxy, Satyam Computer, Zee Telefilms, Bajaj Auto, Dr Reddy, Glaxo and Hindalco showed marked fall on some selling by domestic funds.

The BSE-30 share Sensitive Index resumed marginally lower at 4410.12 as against the September 9 close of 4425.20 and moved down further to a low of 4378.65 before being quoted at 4380.48 at 10:30 hours (IST).

Some of the pharma stocks also reacted downwards on selling induced by news that the government had slashed retail prices of a host of drug formulations by 30 per cent.

However, BHEL, BPCL, BEL, Hexaware, Hinduja TMT, ITC, L&T, SBI and few others were quoted moderately higher.

PTI