Other Nifty losers in trade were Coal India, DLF, HDFC, Lupin and ICICI Bank. Reliance Power was trading higher after reports that the company was set to buy JP's Hydro units.
Shares in Repco Home Finance dropped after reports that the Reserve Bank of India has disallowed foreign funds from buying shares of the company. Indian Overseas Bank was trading higher by 2 per cent after the company reported a sharp increase in net profits. Other PSU banks were also trading higher with select banks like Bank of Baroda set to announce their results later today. Central Bank of India jumped 10 per cent after the company reported a superb turnaround in operations.
Mid cap stocks were trading higher with India Cements leading gainers on the bourses along with Petronet LNG, Union Bank and Adani Power. Real estate stocks on the other hand saw some selling pressure with Oberoi Realty, Sobha Developers and Indiabulls among the losers.
Meanwhile, markets across Asia were trading marginally higher with gains noted in the Hong Kong's Hang Sang and the Japanese Nikkei.