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.

The Nifty 50 closed the session with a decline of 0.11%, settling at 24,122 points. The S&P BSE Sensex closed 14.16 points, or 0.02%, lower at 79,472.

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.

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,

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%.

The two key equity benchmark indices, Sensex and Nifty, on Monday began trading on a lower note. As of 9:30 AM, the BSE Sensex declined 126 points to trade at 79,360.15, while the NSE Nifty50 fell nearly 50 points to 24,

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.