The India market opened on positive note on back of strong global cues. The Sensex was up 140.39 points or 0.52 percent at 27346.45, and the Nifty up 46.35 points or 0.56 percent at 8270.55. About 608 shares have advanced, 177 shares declined, and 67 shares are unchanged. SBI, NTPC, M&M, Vedanta and Bharti are top gainers while Tata Steel, Sun Pharma, Dr Reddy's Labs and Cipla are major losers in the Sensex. "India's high absolute and relative foreign ownership is perceived a key ownership risk. But underway and potential domestic inflows could well be the markets' insurance, and its upside. We see India getting more hedged on flows, and along with the business and macro cycle ahead, remain positive with a Sensex target of 33,000 for December 2015."
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