The market opened higher but soon turned flat. The Sensex is down 8.29 points at 28093.43, and the Nifty is down 8.80 points at 8516.80. About 619 shares have advanced, 237 shares declined, and 65 shares are unchanged.
Tata Steel, Sun Pharma, Bajaj Auto, HDFC and HUL are major laggards while Infosys, SBI, Dr Reddy's Labs and Vedanta are top gainers.
The Indian rupee plunged in. The currency has opened lower by 29 paise at 64.16 per dollar against previous close of 63.87.
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