Sensex flat, Nifty holds 8700; TCS, Bharti, ONGC laggards
The market is flat with the Nifty holding 8700. The 50-share index is up up 17.25 points or 0.2 percent at 8714.85 while the Sensex is up 27.12 points or 0.1 percent at 28088.26.
The market has opened higher as the Sensex is up 112.05 points or 0.4 percent at 28173.19. The Nifty is up 37.75 points or 0.4 percent at 8735.35. About 406 shares have advanced, 90 shares declined, and 27 shares are unchanged.
ITC, Axis Bank, Tata Motors, Lupin and Cipla are top gainers while Bharti Airtel are losers in the Sensex.
The Indian rupee opened higher in the early trade on Monday. It has gained 10 paise at 66.58 per dollar versus 66.68 Friday.
"US economy data which announced last Friday were negative for dollar. Even dollar is trading weak against its peers. Thus rupee may appreciate for the day."
"Trading range for the day will be 66.50 to 67/USD,"