The benchmark equity indices were trading in a narrow range with negative bias.
At 3.10 pm, the Sensex is trading down 190 points at 40,516, and Nifty drop 47 points to trade at 11,889.
Barring Nifty Metal, Realty and FMCG indices, all the sectoral indices are trading in the red.
Bajaj Finance, NTPC, Bharti Airtel, Tata Motors and IOC are trading in green by gaining up to 2.57 per cent while IndusInd Bank, HeroMoto Corp, ICICI Bank, Infosys and Cipla have lost the most up to 3.08 per cent.
The market breadth was positive as 968 shares advanced, against a decline of 819 shares, while 429 shares were unchanged.