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Sensex, Nifty open flat; ITC falls 3%, TCS gains 1%

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The market has opened flat. The Sensex is up 16.24 points 27441.97 and the Nifty is up 7.85 points at 8307.25. About 398 shares have advanced, 165 shares declined, and 273 shares are unchanged.

TCS, Tata Motors, BHEL, Wipro and Hero are top gainers while ITC, ICICI Bank, Sesa Sterlite, Dr Reddy's Labs and Hindalco are among the laggards.

The Indian rupee has gained further ground. It has opened higher by 6 paise at 62.08 per dollar versus 62.14 Tuesday.

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