December 9, 2024 10:49 AM

Nifty, Sensex open flat as markets pause after last week’s rally

India’s benchmark indices opened flat on Monday, with early trade witnessing heavy selling in the FMCG sector. The Nifty 50 declined 43.90 points, or 0.18 percent, to open at 24,633.90, while the BSE Sensex dropped 106.54 points, or 0.13 percent, to 81,602.58. Ajay Bagga, Banking and Market Expert, said that Indian markets have recovered over 50 percent of their post-September fall. "We expect markets to consolidate before resuming their uptrend," he said, adding that "seasonality and capit...