The Nifty continued to trade in a narrow range of 5700-5720 since opening. The Sensex was down 28.24 points to 18,765.20 and the Nifty fell 11.5 points to 5,705.70.
Larsen & Toubro has seen gains to 2 percent after a good set of results.
Oil & gas producers Reliance Industries and ONGC were down 1 percent and 0.5 percent, respectively.
Private sector lender HDFC Bank lost 0.7 percent while its rivals State Bank of India and ICICI Bank gained 0.6-0.9 percent.
Telecom operator Bharti Airtel rose 1 percent whereas cigarette major ITC plummeted 1 percent on profit booking.
Infosys, India’s second largest software services exporter was down 0.8 percent. Drug producer Cipla was up 0.8 percent.
Sterlite Industries moved up just 0.3 percent ahead of its second quarter earnings today.
In the second line shares, Birla Corp, Fresenius Kabi, Tata Coffee, Puravankara Projects and Eros International gained 4-6 percent while Tulip Telecom, Blue Star, IRB Infra, DB Realty and Coromandel International were down 2-4 percent.