The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,130 level, a discount of nearly 90 points from the Nifty futures’ previous close.

Indian blue-chip indices, the Sensex and Nifty50, opened lower for the third straight session on Monday, as concerns over weak earnings and persistent foreign outflows continued to weigh on domestic equities.

Benchmark stock market indices opened flat on Monday despite a gain in IT and auto stocks with the markets being dragged down by a decline in energy and metal stocks. The S&P BSE Sensex was down 48.63 points to 79,437.69, while the Nifty50 lost 20.40 points to 24,127.80 as of 9:40 AM.

The stock market is expected to trade in a narrow range today, following a positive opening signaled by GIFT Nifty. As of 8:00 am, GIFT Nifty was trading at 24,125, up by 0.03%.

Domestic benchmark equity indices fell on Friday, closing the week in negative territory. Concerns over weak corporate earnings and continued foreign outflows overshadowed gains in information technology stocks,

At opening bell, the BSE Sensex was down 418.99 points, or 0.53 per cent, at 79,067; while the Nifty 50 was at 24,036, down 112.10 points, or 0.46 per cent. With Republican candidate Donald Trump emerging as the President-elect of the US,