India, Oct. 14 -- Sensex and Nifty opened flat on Wednesday after a sharp rally in the previous session, as elevated oil prices and sustained foreign fund outflows weighed on sentiment, while investors assessed corporate earnings.

The 30-share BSE Sensex opened at 73,049.76, up 15.98 points, or 0.02%. The NSE Nifty 50 was trading at 22,715.75, down 6.20 points, or 0.03%, at the opening.

GIFT Nifty futures were at 22,764 at 7:50 am, signalling a muted start for the Nifty 50, which closed at 22,721.95 on Tuesday, according to Reuters data.

The Nifty and Sensex gained about 1.6% each on Tuesday, led by information technology stocks after HCLTech's quarterly earnings beat expectations.

The benchmark Sensex rebounded sharply on Tuesday, ga...