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Markets open flat. Pharma stocks up.

Markets have opened on a flat note in trades today on the back of subdued global cues. The Sensex has advanced 44 points to open at 17,791 and the 50-share Nifty has opened higher by 9 points at 5,368.

Infosys is the top gainer among the Sensex stocks in the opening deals. The gains are seen after the company is reported to have been in the process of acquiring a Spanish consulting company.

Tata Steel, Cipla, Sun Pharma, Sterlite Industries, Dr Reddy’s Labs, Hindalco, Coal India, Bajaj Auto, NTPC, ONGC and HDFC are also among the gainers, up 0.4-0.8% each.

Jindal Steel has opened weaker by 3% at Rs 342.

Mahindra & Mahindra, Gail India, Tata Motors, Larsen & Taoubro, BHEL, TCS, ICICI Bank, HUL and SBI have also opened on a weak note in trades today.

The BSE healthcare index has opened higher by 0.5% at 7,683. FMCG, IT, consumer durables, metal and oil & gas indices have opened on a flat note. At the same time, Capital goods, auto, power, realty, bankex and PSU indices have opened in the red.



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