Mumbai, Feb. 5 -- Domestic stock markets entered a consolidation phase on Thursday, with the benchmark indices Nifty and Sensex opening almost flat, while IT stocks remained under pressure and silver prices fell sharply.

The cautious market mood followed the recent rally triggered by the India-US deal, even as fresh concerns weighed on specific sectors.

The Nifty 50 index opened at 25,755.90, down 20.10 points or 0.08 per cent, while the BSE Sensex opened at 83,757.54, slipping 60.15 points or 0.07 per cent. The flat opening suggested consolidation at the index level after recent gains.

VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said, "There are a few near-term market trends that are significant. The Nifty appears...