The market has opened on flat note. The Sensex is up 13.97 points at 28128.53, and the Nifty is down 2.55 points or 0.03 percent at 8530.30. About 686 shares have advanced, 223 shares declined, and 81 shares are unchanged.
ICICI Bank, Maruti, Bajaj Auto, Tata Motors and Dr Reddy's Labs are top gainers while L&T, Hero, M&M, BHEL and ONGC are among laggards.
The Indian rupee recovered in the early trade. It opened higher by 12 paise at 64.01 per dollar versus 64.13 Friday.
Gold continued to trade below 1100 dollars an ounce.