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 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%.

Share prices of HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., State Bank Of India, and Tata Steel Ltd. contributed the most to the gains.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 24,340.85, while Sensex ended at 79,942.18. Overnight, Wall Street indices ended the trade session lower.

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,