Tata Power, Bharti, Tata Steel, Axis Bank and Wipro are top gainers in the Sensex. Among the losers are ICICI Bnak, Sesa Sterlite, Cipla, Tata Motors and NTPC.
09:15
Moneycontrol Bureau The market has opened flat. The Sensex is up 29.27 points at 28912.38 and the Nifty is up 7.00 points at 8730.70. About 402 shares have advanced, 165 shares declined, and 154 shares are unchanged.Tata Power, Bharti, Tata Steel, Axis Bank and Wipro are top gainers in the Sensex. Among the losers are ICICI Bank, Sesa Sterlite, Cipla, Tata Motors and NTPC.
The Indian rupee opened lower by 13 paise at 61.88 per dollar on Thursday against previous day's closing value of 61.75 a dollar.
The euro declines after the European Central Bank said it will no longer accept Greek bonds as collateral for its liquidity operations, dealing a blow to Athens which is seeking debt relief from euro zone lenders.
Mohan Shenoi of Kotak Mahindra Bank said, "Greece continues to be a worry for global markets leading to dollar strength against the euro. Domestic market is expecting short-term custodial dollar flows arising out of ECB QE. However, RBI is expected to intervene to prevent steep appreciation of rupee. USD-INR is expected to trade in a range of 61.70-62/dollar today."
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