Benchmark indices opened the day flat in trade ahead of the expiry for the Futures and Options (F&O) later today, but, saw selling pressure, which pushed the Sensex below the 27,000 points mark.
The Sensex was trading with losses of 44 points at 26,995 points, while the Nifty lost 20 points at 8151 points in trade. Check Sensex gainers and losers
Ambuja Cement, ITC, Power Grid and Hindustan Unilever were among the top losers in trade from the Nifty.
Dr Reddy's was trading marginally higher ahead of its results to be declared later today. Shares in Amtek Auto surged 3% after reports that the company is looking to sell its German unit Tekfor.
Raymond slumped 4 per cent after its results were way below expectations. Stocks from the Nifty that managed to hold ground were Cairn India, Lupin and Cipla. Jet Airways dropped in trade despite its profits rising on the back of lower jet fuel.
JSW Energy was trading higher after profits at the company rose. Eros Entertainment was once again trading lower after its parent companies shares crashed 10 per cent on the NYSE.
The mid cap index was trading flat, though Amara Raja Batteries, DLF and Oil India were among the gainers in early trade. Meanwhile, markets across Asia were in the red, despite strong closings across the US.