Markets are trading on a lacklustre note in the morning deals. The Sensex is down 21 points at 17,363 and the 50-share Nifty has slipped 8 points to 5,245 levels.
The BSE IT index is the top sectoral loser, down 0.7% or 40 points at 5,694. Teck,. power and PSU indices are also trading on a negative note. On the other hand, Realty, oil & gas, FMCG, capital goods, consumer durables and auto indices are trading on a flat note,
From the Sensex pack NTPC has emerged as the top loser, the stock is down 1.3% at Rs 167. HDFC, Bharti Airtel, Tata Power, Infosys, Coal India, Cipla, Hero MotoCorp and TCS are also trading weaker by 0.7-1.3% each.
At the same time, Tata Steel, RIl, Sterlite Industries, Dr Reddy's Labs, Tata Motors, SBI and Larsen & Toubro are among the gainers up 0.2-1% each.
Among the individual stocks, United Spirits has gained 2.40% at Rs 1,010.15 as the company is nearing a deal to offload 49% stake in the flagship subsidiary, Whyte & Mackay.
Ind-Swift Laboratories has advanced 13.76% at Rs 58.30 as there is buzz that the Piramal group may be eyeing its contract research and manufacturing business.
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(Updated at 9.17 AM)
Markets have opened on a flat note with a negative bias tracking subdued global cues. The Sensex has shed 17 points to open at 17,367 and the Nifty is down 3 points at 5,251.
The US markets were closed in trades on the account of labour day holiday.
The Asian markets were trading on a flat note with a negative bias. The Hang Seng was down 36 points at 19,523, Shanghai Composite slipped lower by a point at 2,057 and the Nikkei was also down 8 points at 8,776.
Back home, Gail India is the top Sensex loser, down 1% at Rs 347. BHEL, NTPC, Bharti Airtel, Larsen & Toubro, Cipla, TCS, Hindalco, Infosys and ICICI Bank have also opened on a weak note.
On the other hand, SBI, Tata Power, ONGC, Bajaj Auto, Tata Steel, Sterlite Industries, ITC and Tata Motors have opened higher.
Most of the sectoral indices have opened lower. The BSE IT index is the top sectoral loser with loss of 0.5%. Bankex, metal, capital goods, teck and healthcare indices have also opened on a weak note.
At the same time, FMCG, consumer durables, oil & gas and auto indices have opened marginally higher.
The broader markets are trading flat. The BSE mid-cap and small-cap indices have advanced 0.2% each.
The overall breadth is neutral as 650 stocks are advancing while 505 are declining.
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