The market continued to consolidate after a sharp rise in opening, with the Nifty struggling below 10,700 levels.
HDFC Bank, TCS and FMCG stocks are under pressure while Reliance Industries, Infosys and Tata Motors continue to support the market, rising 1 percent each.
Dr Reddy's Labs is the top gainer among Nifty50 stocks, rising 3 percent after getting zero observations for Srikakulam plant from USFDA.
The Sensex fell 11.41 points at 35,215.85 and the Nifty declined 8.40 points to 10,687.80 while the Nifty Midcap index continues to underperform frontliners on weak market breadth.
About two shares declined for every share rising on the BSE.
The market erased all its opening gains to trade lower despite strong global cues, pulled down by HDFC Bank that fell 2 percent on profit booking.
The Sensex is down around 100 points and the Nifty slips below 10,700 while the Nifty Bank index falls 200 points.
HDFC, TCS and FMCG stocks are under pressure while Reliance Industries, Infosys, ICICI Bank supported the market.
Dr Reddy's Labs is the top gainer among Nifty50 stocks, rising nearly 3% after getting zero observations for Srikakulam plant from USFDA.
Missed call
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Shares of Vodafone Idea, YES Bank, Indiabulls Housing, SBI, JSPL, PNB, Tata Motors, Trident Ltd, Ujjivan Small Finance Bank and SAIL were among the most traded shares on the NSE.
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