Indian equity benchmarks were flat in the opening session on Wednesday as banking stocks were in the red while pharma and FMCG gained.
At 9:25 am, the Sensex was 19 points down at 37,953 and the Nifty was trading at 11,216.
Asian markets were also mixed in the morning session.
IndusInd Bank, ICICI Bank, Hindalco, Axis Bank and SBI were the top Nifty losers. On the other hand, BPCL, ONGC, Cipla, Hindustan Unilever and M&M were the top five gainers.