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After a four-day weakness, the market has opened once again on a lacklustre note. The Sensex rose 15.21 points to 26853.35 and the Nifty gained 7.60 points at 8119.35. Dr Reddys Labs, Cipla, ICICI Bank, Tata Steel, Hindalco, Yes Bank and Grasim were lead gainers in early trade. However, Vedanta, ONGC, ITC, M&M, Maruti Suzuki and Bosch were under pressure.

ICICI Bank, ITC, L&T and Kotak Mahindra Bank will be in focus as they announce their earnings later in the day.Dr Reddy's Lab will also be in focus after the pharma company announced strong results yesterday.Sensex and Nifty fell for the fourth session in a row yesterday. Analysts say that disappointment over the Q2 earnings season and the Fed's hint of a possibility of a rate hike in December hurt the Street's sentiment.