Mumbai, Oct. 19 -- The stock markets in the country opened largely flat on Monday as elevated crude oil prices amid escalating tensions in the Strait of Hormuz offset support from recent gains in the market and positive corporate earnings.

The NSE Nifty 50 index opened at 23,150.85, up 4.70 points or 0.02 per cent, while the BSE Sensex opened at 74,849.30, gaining 120.03 points or 0.16 per cent.

V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said the momentum from last week's market rally and encouraging results from major companies could help markets remain resilient. However, rising geopolitical tensions and high crude oil prices remain key concerns for investors.

"The momentum created by the 2.8 per cent surge i...