Benchmark indices opened the day lower, even as most Asian markets were trading down, despite the Wall Street hitting record highs in trade once again.
The Japanese Nikkei was lower as the Japanese yen gained against the dollar. Elsewhere in Asia, the Korean Kospi was flat, and opened for trading after a public holiday on Monday.
Sun Pharma was trading marginally lower despite the company reporting a good set of quarterly numbers for June 30, 2016. Bank Of Maharashtra, which reported a poor set of quarterly numbers with losses mounting, saw a sharp slide of almost 3.5 per cent in its share price.
State Bank of India, which saw a superb rally in trade on Friday, following its Q1 numbers was once again trading higher. India's largest lender had seen slippages falling dramatically.
Iron ore mining company, NMDC saw a decline of almost 2 per cent in its share price, after net profits at the company dropped.
Meanwhile, the rupee opened at 66.83 to the US dollar.