The Nifty is trading 1 point lower at 4859.
Ambuja Cements is up 4% higher at Rs 101.50. Ranbaxy, ITC, TCS, Bharti, ACC, Satyam, Wipro and Grasim are all trading over 1%.
Bhel is trading 2.6% lower at Rs 1,615 and L&T is down 1.5% to Rs 2,702. ICICI Bank and Tata Motors are down over 1% each. Maruti and Tata Steel are down over 0.5% each.