Oil and gas, realty and FMCG have emerged as laggards in the morning trade dragging the indices to a flat opening . Stock markets from the IT and utilities sectors were lending some amount of support to the benchmarks.

At 09.29 AM, the Sensex fell 5.28 points to 19311.73, and the Nifty went down 1.30 points at 5849.00. Asian stocks have been trading mixed with a few  indices extending last week’s advance, as Japanese shares gained on speculation that next Bank of Japan governor will deploy aggressive monetary easing.

Top gainers on the indices were Ranbaxy Labs (up 3.13 percent), which rose on news that it has restarted production of generic Lipitor for US market. Power Grid, Wipro, Infosys and IDFC were other lead gainers.

Among losers, Realty major DLF was the worst hit falling 1.39 percent after making big moves last week. In the oil & gas space, ONGC lost 0.2 percent after Essar Energy reprtedly indicated that it wanted the public sector oil giant out of Cambay JV. ONGC also refused to share cost of further exploration in Cairn’s Rajasthan block. However, BPCL was the biggest loser in this sector trading with over 1 percent cut.