The market has opened on a flat note with the Sensex falling 10.45 points to 29033.99 and the Nifty declining 12.50 points to 8821.50.
About 634 shares have advanced, 230 shares declined, and 105 shares are unchanged on the BSE.
M&M, Sun Pharma, Bharti Airtel, Tata Motors, HDFC, HCL Technologies and Idea Cellular fell 1-1.8 percent whereas TCS rallied 2 percent ahead of fourth quarter earnings on Thursday evening. ITC, ICICI Bank, SBI, ONGC, Kotak Mahindra Bank and UltraTech Cement climbed 0.5-1.5 percent.
The Indian rupee opened higher today, up 14 paise at 62.37 per dollar versus 62.51 Monday.
The dollar slipped as investors took advantage of weaker-than-expected US retail sales to lighten hefty positions on the greenback that had built up due to expectations of an impending rate increase.
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