Sensex, Nifty open flat; GAIL & ONGC gain, Infosys falls

The market has opened on a flat note with the Sensex rising 22.64 points to 24816.60 and the Nifty advancing 15.25 points to 7547.05.

Infosys fell 2 percent after 78 lakh equity shares changed hands in multiple block deals on BSE and NSE at around Rs 1,150 apiece.

Hindalco, Tata Motors, ONGC, Hero Motocorp, Tata Steel, Cairn India, Vedanta, Tech Mahindra and Tata Motors gained 0.7-3 percent while BHEL, TCS, HUL and Bharti Airtel declined 1 percent.

The Indian rupee opened marginally lower at 67.24 per dollar today against previous close of 67.21.

ICICI Bank is trading higher by 1%. Moody's on Wednesday said asset quality for ICICI Bank's corporate loans would remain under pressure even beyond March 2016 due to exposure to some big-ticket accounts with weak debt servicing ability.

Among stocks, shares of information technology companies are trading lower. 

Infosys and TCS are down between 1%-2.3%. Infosys is the top Sensex loser after 78 lakh equity shares changed hands in multiple block deals on BSE and NSE at around Rs 1,150 a piece.

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