The domestic stock markets started the last day of the week on a negative note. Retreating from its lifetime high, the S&P BSE Sensex dropped 98.32 points or 0.26 per cent to trade at 37,926.05 in opening trade. Banking, PSU, metal, realty and FMCG stocks fell by up to 0.30 per cent. Receding from its record level, the Nifty50 index also slipped 7.35 points or 0.06 per cent to trade at 11,463.35 in early trade. The domestic equity indices opened in red today as global stocks came under pressure after latest geopolitical rigidities. At 11:51 am, BSE Sensex was trading at 37,892.33, with a loss of 132.04 points or 0.35 per cent. NSE Nifty, at the same time, was trading at 11,430.30, with a loss of 40.40 points or 0.35 per cent.