The market has opened flat as the Sensex is down 13.63 points at 27630.25. The Nifty is up 7.40 points at 8377.65. About 274 shares have advanced, 151 shares declined, and 69 shares are unchanged. SBI, Wipro, Vedanta, Hero and GAIL are top gainers in the Sensex. Among the losers are HDFC, BHEL, Axis Bank, NTPC and Sun Pharma. The Indian rupee has started trade with marginal loss. The currency has opened at 63.60 a dollar, down 4 paise compared to 63.56 a dollar in previous session. The dollar hit a one-month high against a basket of major currencies on Monday in the wake of Friday's comments from Federal Reserve Chair Janet Yellen, who rekindled market expectations that the central bank was gearing up to hike interest rates.
Asian shares fell in early trading, while the dollar held near highs scaled in holiday-thinned trading in the previous session. European shares marked a weak finish in thin trade on Monday, with many markets in the region Investors await the latest batch of US data later today that could provide more clues on the strength of economic recovery, including May durable goods and April consumer confidence.
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