The market has opened flat with a positive bias. The Sensex gained 23.31 points at 28246.39 and the Nifty rose 5.75 points to 8573.70. About 690 shares have advanced, 271 shares declined, and 65 shares are unchanged on the BSE.
Infosys, Dr Reddy's Labs, TCS, Lupin, Sun Pharma, BPCL and HCL Tech gained 0.7-1.6 percent while Tata Steel fell 2 percent on profit booking. ITC, M&M, GAIL, HUL, Bank of Baroda, PNB and Asian Paints lost 0.5-1.6 percent.
The Indian rupee opened flat at 63.77 per dollar today against previous close of 63.75.
In commodities, Brent crude slips below 50 dollars per barrel. Crude prices were at fresh 5-month lows after a surge in US gasoline stockpiles while precious metal gold remained under pressure on expectations of a September US rate hike.
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