MUMBAI — The Indian stock market opened flat on Thursday as buying was seen in IT, PSU banks, financial services and pharma sectors at Nifty. In early trade at around 9:43 am, Sensex was at 77,728.24 after rising 37.29 points or 0.05 per cent while Nifty was at 23,562.05 after a marginal rise. The market trend remained positive. On the National Stock Exchange (NSE), 1,486 stocks were trading in green, while 803 stocks were trading in red. Nifty Bank was at 50,385.90 after rising 297.55 points or 0.59 per cent. Nifty Midcap 100 index was trading at 54,062.80 after gaining 261.95 points or 0.49 per cent. Nifty Small cap 100 index was at 17,573.25 after gaining 114.35 points or 0.66 per cent. In Sensex pack, HCL Tech, Asian Paints, NTPC, IndusInd Bank, SBI, HDFC Bank and Tech Mahindra were the top gainers. At the same time, UltraTech Cement, Power Grid, Axis Bank, Hindustan Unilever, Maruti and M&M were the top losers. According to experts, the market is in a phase of correction. Along with this, the huge liquidity available with the domestic institutional investors (DIIs) can boost this surge. However, this surge may not sustain. “Such a bounce back is...