The Sensex opened 70 points higher at 9973, but is now trading at 9887, down 16 points.
The Nifty is trading flat at 3033.
Reliance Communication is the top Sensex gainer at Rs 252, up 2.7%. Hindalco has advanced 2.2% to Rs 55.40, and Reliance Infra is up 1.7% to Rs 623. DLF and Tata Motors have gained 1.7% each.
Satyam is down 3.95% to Rs 175, Ranbaxy has lost 2.56% to Rs 243.55 and Maruti has declined 2.22% to Rs 537.