Sensex opens flat, Nifty below 8250; Cipla gains

New Delhi: The market on Monday opened in green with the Nifty trading below 8250.

The 50-share index traded up 7.95 points or 0.1 percent at 8228.75 and the Sensex up 42.55 points or 0.2 percent at 26885.58.

Shares such as Lupin, GAIL, Cipla, Sun Pharma and M&M were among the top gainers while Adani Ports, Hero MotoCorp, Tata Steel, Asian Paints and Maruti amongst losers in the Sensex.

The Indian rupee gained in early trade, opening higher by 30 paise at 66.95 per dollar versus 67.25 Friday. Dollar sees mild gains after posting its largest one-day percentage fall against a basket of major currencies since February on Friday, meanwhile the yen surges.

According to the market analysts the rupee is expected to trade stronger on back of weak data from US, thus a weakening USD. The trading range for USD-INR pair will be 66.80 – 67.50/dollar for the day.

Asian markets traded mixed, with Japan shares taking a tumble, as a disappointing May jobs report in the US on Friday weakened the dollar and bolstered regional currencies, including the yen.

Chinese mainland markets traded mixed, with the Shanghai composite nearly flat, while the Shenzhen composite added 0.30 percent. (ANI)