Mumbai: The market has opened flat on Tuesday. The Sensex is up 1.03 points at 25736.93 and the Nifty is down 4.80 points at 7829.65.
Sun Pharma, Cipla, Dr Reddy’s Labs, Tata Motors and Tata Steel are gainers while Infosys, ICICI Bank, ITC, Coal India and Maruti are losers in the Sensex.
The Indian rupee opened marginally higher at 66.30 per dollar versus 66.35 Monday.
According to experts, the dollar index has come off its recent highs as low liquidity in the holiday season saw dollar fall against majority of other currencies.
Dollar weakened against a basket of currencies as the euro strengthened in the wake of an inconclusive Spanish election result that may increase unease over the country financial stability.
Brent crude oil prices were trading at its lowest in more than 11 years, on more signs that swelling global supply looked set to outpace tepid demand again next year.
ANI