The BSE benchmark Sensex today moved down by 29 points in late morning trade in view of a cautious approach ahead of RBI's mid-quarter policy review.
Lower advices from New York market also affected the market sentiment.
Shares of metal, capital goods, PSU, FMCG, banking and realty declined on mild profit-booking. However, power, IT and healthcare sectors firmed up.
The 30-share barometer resumed lower at 20,616.35 points and hovered in a range of 20,649.38 and 20,551.89 before quoting 20,617.46 at 1030 hrs.
It showed a loss of 29.18 points or 0.14 per cent from its last close.
The NSE 50-share index Nifty eased by 3.30 points, or 0.05 per cent, to 6,112.25 at 1030 hrs.
Major losers were Hero Motocorp (2.58 per cent), ONGC (2.27 per cent), Sesa Goa (2.24 per cent), Maruti Suzuki (1.85 per cent), Larsen (1.76 per cent), ICICI Bank (1.47 per cent) and Tata Steel (1.35 per cent).
US stocks dipped yesterday on profit booking a day after the S&P 500 hit a record high as the market rallied on the Federal Reserve's surprise decision to maintain its stimulus intact.
Foreign institutional investors (FIIs) bought shares worth a net Rs 3,543.84 crores, as per provisional data from the stock exchanges.
