Equity benchmarks are directionless after positive start. The Sensex declined 17.86 points to 28676.13 and the Nifty fell 1.70 points to 8586.55.
About 978 shares have advanced, 678 shares declined, and 45 shares are unchanged.
The market started the week on a positive note on Monday. The Sensex climbed 93.78 points to 28787.77 while the Nifty reclaimed 8600, up 25.95 points at 8614.20.
About 728 shares have advanced, 274 shares declined, and 43 shares are unchanged on the Bombay Stock Exchange.
Sun Pharma, SBI, Hero Motocorp, NTPC, Infosys, Asian Paints, BPCL and HCL Technologies topped the buying list in early trade, up 1-3.6 percent.
However BHEL, Coal India, Reliance Industries, HUL, ONGC, Cairn India and DLF lost 0.5-2 percent.
The Indian rupee slipped by 21 paise in the early trade on Monday. It has opened at 62.23 per dollar versus 62.02 on Friday.
The Nifty jumped over 35 points to hit a record high of 8,623 on Monday as oil prices tumbled to five-year low and foreign investors continued to be net buyers of domestic equities. On Friday, FIIs bought shares worth Rs. 936 crore.
Markets also got a sentimental boost after the government scrapped a rule mandating traders to export 20 per cent of all gold imported into the country.
Today Nifty Market Trends
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 8415
SUPP 2: 8350
RES 1: 8535
RES 2: 8590
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