Sensex, Nifty open flat as consumer stocks counter weak financials

Benchmark indices Sensex and Nifty have opened flat on Monday as weak financials eroded consumer and pharma stocks gains.

Indian shares opened flat on Monday as financials negated gains in consumer and pharma stocks, while investors awaited earnings reports from a slew of corporate heavyweights, including Tata Motors. By 9:36 am, the blue-chip NSE Nifty 50 index was down 0.07% at 15,845.10 and the benchmark S&P BSE Sensex was lower 0.09% at 52,927.86. Both indexes ended up about 0.2% on Friday.