Reuters Market Eye - The Sensex and the Nifty are relatively flat in choppy trade. The BSE Sensex is up 0.01 percent, while the broader Nifty falls 0.12 percent.
Power Grid Corporation of India falls 11.86 percent after the company's secondary share announcement was seen being priced at a discount.
Bank of Baroda falls for a second day, down 5.75 percent on concerns about asset quality. Other state-run banks including Punjab National Bank and Syndicate Bank Ltd also fall.
Shares in Bajaj Auto down 1.17 percent after its July vehicle sales dropped 18 percent.
(Reporting by Himank Sharma)