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The domestic stock market opened on a flat note on Monday, continuing its sideways movement as investors remained cautious ahead of key domestic and global events. Both benchmark indices registered marginal gains in early trade.

The Nifty 50 index opened at 25,503.50, up 11.20 points or 0.04 per cent, while the BSE Sensex started the session at 83,350.35, rising 134.07 points or 0.16 per cent.

Despite the muted start, experts believe that the market could see some positive momentum in the coming days, supported by foreign brokerage upgrades and ongoing earnings announcements.

Ajay Bagga, Banking and Market expert told ANI that Indian markets are likely to benefit from the recent upgrade by two major international brokerages.

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