Mumbai, July 10
The Indian benchmark indices opened flat on Thursday amid mixed global cues as selling was seen in the auto and IT sectors in the early trade.
At around 9.29 am, Sensex was trading 40.96 points or 0.05 per cent down at 83,495.12 while the Nifty declined 17.70 points or 0.07 per cent at 25,458.40.
Nifty Bank was up 29.50 points or 0.05 per cent at 57,243.05 in early trade. The Nifty Midcap 100 index was trading at 59,448 after adding 108.40 points or 0.18 per cent. Nifty Smallcap 100 index was at 19,057.75 after adding 50.35 points or 0.26 per cent.
According to analysts, with trade and tariff news feeling more routine these days, the market is bracing for the start of earnings season.
"The big banks, including JPMorgan Chase, Citigroup, and Wells Fargo, start reporting next Tuesday. As of now, analysts expect 5.8 per cent earnings growth for the S&P 500 in the second quarter," said Vikram Kasat, Head-Advisory, PL Capital.
Expectations from the IT sector are limited. However, midcap IT is likely to post good results and positive commentary, said experts.