Sensex, Nifty flat; Ranbaxy falls 4%, Sun Pharma down 2%

The market has opened on a tepid note. The Sensex is down 37.16 points at 27878.72, and the Nifty is down 7.30 points at 8331.00. About 555 shares have advanced, 184 shares declined, and 46 shares are unchanged.

Tata Motors, Axis Bank, ITC, Dr Reddy's and Tata Steel are top gainers in the Sensex. Among the losers are Sun Pharma, Hero, M&M, Coal India and HDFC Bank. Ranbaxy lost 4 percent.

The Indian rupee fell 11 paise in early trade.

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