Indian stock markets opened flat on Monday and NSE Nifty touched an intraday high of 4072 till 11.30 am. NSE Nifty touched an intraday low of 4004. At 11.40 am, stock markets were trading flat.

Hind Zinc was major gainer in today’s session. The stock gained over 6% in early trading session. Among other gainers were Tata Motors, HLL, SAIL, Zee Tele, NALCO and ONGC. Buying has been witnessed in some select banking counters. SBI, Bank of India and PNB were trading with a gain of over two per cent.

Major losers in today’s trading session include Pharmaceutical major Ranbaxy, Technology sector leaders Infosys Technologies and Satyam Computers.

Infosys Technologies was down by 5%. The company announced flat growth in the previous quarter. Satyam is expected to announce results soon. The stock is under pressure and touched an intraday low of Rs 420.

Technical analysts believe that the stock markets may close flat today. Due to absence of any major trigger the market may remain range-bound for the trading session.