The Market has opened flat with negative global cues. The Sensex is up 29.27 points at 28912.38 and the Nifty is up 7.00 points at 8730.70. About 402 shares have advanced, 165 shares declined, and 154 shares are unchanged.
Tata Power, Bharti, Tata Steel, Axis Bank and Wipro are top gainers in the Sensex. Among the losers are ICICI Bank, Sesa Sterlite, Cipla, Tata Motors and NTPC.
The Indian rupee opened lower by 13 paise at 61.88 per dollar on Thursday against previous day's closing value of 61.75 a dollar.Now, the Indian currency is trading lower by 11 paise at 61.86.
Asian markets are trading in the red. China will be in focus today as the PBOC reduced the reserve requirements for banks by 50 basis points for the first time in two years.
Gainers & Losers:
Axis Bank, Wipro, BHEL, Coal India and HDFC Bank are top gainers while Tata Power loses 2 percent. Cipla, Sesa Sterlite, ONGC and Tata Motors are major losers in the Sensex.
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