Banking stocks were trading with gains, with the S&P BSE BANKEX index rising 84.72 points or 0.23% at 36625.19 at 09:48 IST.
Among the components of the S&P BSE BANKEX index, HDFC Bank Ltd (up 1.95%), State Bank of India (up 1.38%), and ICICI Bank Ltd (up 0.52%), were the top gainers.
On the other hand, IndusInd Bank Ltd (down 2.07%), RBL Bank Ltd (down 1.91%), and Bandhan Bank Ltd (down 1.41%) moved lower.
At 09:48 IST, the S&P BSE Sensex was down 174.36 or 0.36% at 48860.31.
The Nifty 50 index was down 72.05 points or 0.5% at 14361.65.
The S&P BSE Small-Cap index was down 176.03 points or 0.94% at 18506.09.
The S&P BSE 150 Midcap Index index was down 75.74 points or 1.21% at 6202.06.
On BSE,792 shares were trading in green, 1481 were trading in red and 124 were unchanged.
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