Markets open on a cautious note; Nifty holds 8,200: Markets continued to trade in a narrow range in early deals as selling by foreign funds in blue chip counters continued to weigh on sentiment.At 9:35 AM, the 30-share Sensex was up 22 points at 27,199 and the 50-share Nifty was up 3 points at 8,216. Market breadth was neutral with 750 losers and 740 gainers on the BSE. Asian shares were mostly trading lower with the exception of Japan. The Nikkei was up 0.4%. While other markets in the region witnessed profit taking after gains in the previous sessions. The Indian rupee has opened with marginal gains, up 13 paise at 63.35 per dollar against previous day's closing value of 63.48 a dollar.