Indian stock market opens flat, Nifty above 23,700 [Video]

The domestic benchmark indices opened flat on Thursday as selling was seen in the PSU bank, pharma, FMCG, realty, media, energy and metal sectors on Nifty.

At around 9.31 am, Sensex was trading at 78,573.16 after rising 65.75 points or 0.08 per cent, while Nifty was trading at 23,766.05 after rising 23.15 points or 0.10 per cent.

The market trend remained positive. On the National Stock Exchange (NSE), 1,366 stocks were trading in green, while 529 stocks were in red.

According to market experts, Q3 corporate earnings are unlikely to register a rebound which means that investors have to focus on segments which will buck the slowdown.

Nifty Bank was up 21 points or 0.04 per cent at 51,081.60. Nifty Midcap 100 index was trading at 57,471.35 after rising 20.45 points or 0.04 per cent. Nifty Smallcap 100 index was at 18,961.95 after rising 2.15 points or 0.01 per cent.

On the …