Indian Stock Markets were trading marginally lower on second trading day of new year. At 10.16 am, NSE Nifty was down by 11 points at 3022. BSE Sensex was down by nearly 35 points at 9868.

Satyam Computer services was among top losers on NSE. The stock touched an intraday high of Rs 185.90 and was trading at Rs 175.40 at 10.15 am. The stock has witnessed a pullback rally from an all-time low of Rs 114.

Techincal Experts at Anagram Research have suggested a resistance for NSE Nifty at 3100-3150.

Among major gainers on NSE were Hindalco, Suzlon Energy, Unitech, Tata Motors and Reliance Communications.

Major losers on NSE included Satyam, Ranbaxy Labs, Maruti Suzuki, Tata Power and Wipro.