Market Live: Nifty opens flat, Midcap outperforms Sensex; Axis Bank, Tata Steel gain
Equity benchmarks opened flat with a negative bias, led by some profit booking as investors looked for more earnings for cues.
The 30-share BSE Sensex was down 33.60 points at 33,232.56 and the 50-share NSE Nifty fell 11.50 points to 10,352.20.
SBI, IOC and HDFC were early gainers while Infosys was down over 2 percent post buyback.
ICICI Bank, GAIL, Coal India, Bharti Infratel, BPCL, Sun Pharma, Indiabulls Housing Finance and L&T were early losers.
Nifty Midcap index was up 0.3 percent on positive breadth as about two shares advanced for every share falling on the NSE.
Balaji Amines, LMW, Reliance Communications, Shriram Transport, Shriram City Union, Titan Company, Just Dial and Bharat Electronics rallied 2-10 percent.
SPARC, IDFC Bank, Central Bank of India and Astra Microwave fell 1-4 percent.