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Following strong global cues, the equity market has opened on higher note but soon flattened out. The Sensex is up 0.77 points at 27805.14 and the Nifty down 0.25 points at 8381.30. About 481 shares have advanced, 226 shares declined, and 76 shares are unchanged. The market regulator SEBI has relaxed norms for start-ups raising capital from the stock market.

ONGC, HUL, Coal India, Sun Pharma and Lupin are top gainers in the Sensex. Maruti, SBI, Cipla, HDFC and Axis Bank are among losers. The Indian rupee fell marginally in early trade. The currency has opened at 63.65 per dollar, down 6 paise compared to 63.59 a dollar in previous session.
HUL is up 2 percent while Lupin, Sun Pharma, Vedanta and BHEL are top gainers in the Sensex. Among the losers are HDFC, Maruti, Bajaj Auto, Bharti Airtel and SBI.Healthcare, information technology, metal and FMCG stocks are finding modest support. Bank, automobile, capital goods, oil and realty stocks are off to a mixed start.