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The market has opened on a flat note again. The 30-share BSE Sensex rose 22.27 points to 24988.67 and the 50-share NSE Nifty climbed 11.50 points to 7626.60. Hindalco, Maruti Suzuki, Tata Steel, ITC, Tata Motors, BPCL and Bank of Baroda were early gainers while HDFC, Sun Pharma, Bharti Airtel, ICICI Bank, HUL and Cairn India declined.

Pharma stocks continue to witness selling pressure, the pharma sub-index of NSE is down 0.96 per cent. Sun Pharma, which has the maximum weight in Sensex among pharma shares, is down nearly 2 per cent. Other pharma stocks like Lupin, Cipla, Dr Reddy's Lab are also down between 0.1 to 1 per cent.