The market has opened tepid following global cues. The Sensex is up 10.05 points at 28513.35 and the Nifty is down 1.85 points at 8645.90. About 478 shares have advanced, 224 shares declined, and 110 shares are unchanged.
Tata Power, Tata Motors, HDFC Bank, ITC and Dr Reddy's Labs are top gainers in the Sensex. Among the losers are Hindalco, NTPC, GAIL, Sesa Sterlite and Bharti Airtel.
In the US, Wall Street closed lower on Friday, as a week of mixed economic data, renewed dollar strength and sharply lower oil prices made traders cautious ahead of this week's fed meeting.
In Europe, equities closed slightly mixed on Friday, as the oil and gas sector took another hit from tumbling prices.
The spot rupee opened almost unchanged at 62.95, up a paise against the US dollar.On Friday, the domestic currency ended weaker by 0.7 per cent (46 paise) at 62.96.
Now, the Indian rupee is trading on a flat note at 62.97.Meanwhile, the rupee March future opened on a soft note at 63.21, down mere two paise. Now, the currency contract is quoted at 63.20.
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