Indian indices traded flat even as the Greece Prime Minister in a televised address to the nation asked them to vote on a "no" the to referendum on creditors demands.
Hero Motor Corp was the top gainer from the Nifty.
Stocks that lost ground were HDFC, Bhel and HDFC Bank. Among the small gap shares the top gainers were Shrenuj and Company which jumped as much as 14 per cent after the company bagged a US jewellery order of $30 million.
IT stocks were also seeing some selling pressure with Infosys, TCS, Tech Mahindra and Wipro among the early losers.
Banking stocks also lost a fair bit of ground with Axis Bank and ICICI Bank among the early losers. SUN TV gained marginal ground on hopes of Arun Jaitley's meeting with the Prime Minister to resolve the license issue.
Shares in Ashok Leyland gained one per cent after the company's total sales grof vehicles for the month of June grew by 41 percent.
Meanwhile, markets across Asia were trading marginally in the green despite the Greece prime Minister calling for a referendum. The Shanghai Composite was the only major market in Asia trading with losses.