Here's how the Markets opened today

The Nifty had a tepid start on Thursday as traders remained on sidelines after a smart rally on mid caps made valuations pricier and forced a rethink on buy orders.

The Nifty fell a modest 5 points to 8,563 in early deals. The Advance-Decline Ratio was at 20/28 with Dr. Reddy's, Infosys, BPCL and HCL Tech taking the first four top spots on the Nifty's gainers list. On the losers' side of the index were Tata Steel, ITC, Asian Paints and Bank of Baroda.

Broader indices were flat as well as investors digest strong gains on these barometers over the past week. The CNX 100, CNX 200 and CNX 500 Indexes were in the green but showed little or no traction. The Bank Nifty slumped 73 points in initial trades. Sectoral indices such as CNX Auto, CNX Finance and CNX Energy were in the red, while CNX Pharma Index showed a small uptick in initial deals on the National Stock Exchange.

And on the Bombay Stock Exchange, the Sensex fell 19 points to 28,203 points in initial trades on Thursday. As a consequence, the Advance-Decline Ratio stood at 12/18. Sun Pharma, Infosys, Lupin and Cipla were the top gainers on the Sensex versus Tata Steel, ICICI Bank, Bharti Airtel and HDFC that fell below their Wednesday's closing prices.

The markets were flat in the futures and options space with Siemens, Unitech, Dabur and Tata Chemicals being on top of the gainers’ list versus Adani Enterprises, Bata India and JP Associates that fell in early deals. The Advance-Decline Ratio, meanwhile, stood at 65/93.

But the broader market was dominated by the bulls in the first half hour of trade with 958 shares rising compared with 702 that fell.

Image credit: Indiatimes