The market has opened on a flat note. The Sensex is down 49.13 points at 28070.27 and the Nifty is up 1.05 points at 8439.30. About 313 shares have advanced, 264 shares declined, and 32 shares are unchanged.
Sun Pharma is biggest gainer, up 3 percent in opening trade while Ranbaxy too jumps 3 percent. Wipro, Infosys, TCS and Dr Reddy's are major gainers in the Sensex.
The Indian rupee opened marginally lower at 61.88 per dollar against previous day close of 61.83. The yen held onto sizable gains, having staged a broad short-covering rally as a big drop in oil prices hit global risk appetite.
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