The market has opened on a flat note. The Sensex is down 27.49 points at 27800.95 and the Nifty is down 16.40 points or at 8417.25. About 340 shares have advanced, 246 shares declined, and 86 shares are unchanged. Sun Pharma is down 5 percent while Bharti, Cipla, Dr Reddy's Labs and BHEL are among laggards in the Sensex. Among the gainers are L&T, Vedanta, Infosys, HDFC and SBI.
The Indian rupee opened flat at 63.80 per dollar on Monday versus 63.81 Friday. The dollar index mixed with month-end selling after a recent rally - dollar index at around 97 levels.
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