The Sensex was trading higher by 24 points, while the Nifty was up 8 points in trade.

Among the early gainers in trade were the software pack led by HCL Tech, Wipro, HCL Tech and Infosys.

Apart from the software pack other stocks that were trading higher were Mahindra and Mahindra and Sun pharma.

Eraly Nifty losers in trade were Bharat Heavy, which lost as much as 4 per cent, following quarterly numbers that disappointed the street.

Other losers were Gail, Grasim and Jindal Steel. Heavyweight, ITC lost more then 1 per cent in trade which put the indices under pressure.

Banking stocks came in for a bout of selling pressure with ICICI Bank dropping 1 per cent, Canara Bank falling 1.23 per cent and Indusind Bank falling 1 per cent.

Realty stocks were having a good session in trade with Sobha Developer trading higher by 4 per cent.

IDBI Bank dropped more then 1 per cent on reports that the bank may lose 1 per cent, as Sivasankaran's Wind company filed for bankruptcy.

Bajaj Electricals on the other hand rallied 3 per cent on reports that it had received some orders.

Meanwhile, markets in Asia were all trading in the red following selling pressure.

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