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The market has opened marginally lower on Tuesday with the Sensex falling 47.18 points to 23741.61 and the Nifty down 15.90 points to 7218.65. Tata Motors, ONGC, Maruti Suzuki, Sun Pharma and Hindalco were early gainers while NTPC, ITC, BHEL, HUL, HDFC Bank, Vedanta and PNB were under pressure.

NTPC was the top loser in the Nifty. The stock fell over 2 per cent to hit intraday low of Rs.s. 123.20 on the back of offer for sale which started today. The government is selling 5 per cent stake in NTPC as part of its disinvestment plan.