The Sensex and the Nifty were trading marginally lower after hitting a new record high 27,969 points led by a surge in tech stocks.
However, the Sensex saw some profit booking and was last trading lower by 46 points, while the Nifty was down 17 points. Leading the set of losers were auto stocks like Hero Motor Corp and Mahindra and Mahindra.
Oil and gas stocks saw some selling pressure with ONGC and Reliance among the losers. Gail was down a huge 3 per cent after a broking firm downgraded the stock.
Mid cap stocks continued to have a great trading session with Apollo Tyres and GMR amongst the winners. Karnataka Bank rallied a huge 8 per cent after its results pleased the markets.
Metal stocks like Jindal Steel and Tata Steel were amongst the winners in early trade.
Meanwhile, markets across Asia were trading with marginal losses on profit booking after Friday's euphoria.