The market has opened flat. The Sensex is up 10.99 points at 28309.12 and the Nifty is down 13.30 points at 8575.35. About 486 shares have advanced, 258 shares declined, and 80 shares are unchanged.
Vedanta, Sun Pharma, Tata Steel, ONGC and Tata Motors are top gaienrs in the Sensex while ITC, Dr Reddy's Labs, Infosys, SBI and ITC are among laggards.
The Indian rupee opened flat at 63.76 per dollar against previous close of 63.77.
In other asset classes, Crude continued to decline with Nymex Crude settling at multi-month lows as a large drop in US crude inventories failed to boost prices. Brent crude was trading below USD 50 per barrel.
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