The market has opened flat on Friday after sharp cut seen yesterday. The Sensex is down 15.84 points at 26355.14 and the Nifty is down 10.15 points at 7955.20. About 383 shares have advanced, 578 shares declined, and 75 shares are unchanged. Reliance, Wipro, Infosys, Bajaj Auto and Bharti Airtel are top gainers in the Sensex. Among the losers are Tata Motors, Vedanta, Sun Pharma, Coal India and Axis Bank.
The Indian rupee has opened flat at 63.96 per dollar against previous day's closing value of 63.97 a dollar. Dollar rose, helped by a surge in US retail sales in May that could push Federal Reserve policymakers toward raising US interest rates as early as September.
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