The market has opened flat as the Sensex is up 53.47 points at 27890.68. The Nifty is up 11.25 points at 8434.50. About 320 shares have advanced, 126 shares declined, and 68 shares are unchanged.
Tata Steel tanks 4 percent after it posted a very disappointing March quarter results. Bajaj Auto, Hero, Vedanta and Tata Power are other losers in the Sensex. Gainers are Coal India, SBI, M&M, ONGC and Axis Bank.
The Indian rupee gained in the early trade. It has opened higher by 9 paise at 63.73 per dollar versus 63.82 Wednesday.
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