At 02.35 PM, the 30-share Sensex is down 125 points at 27,135 and the 50-share Nifty has shed 41 points at 8,174.
Also, caution prevails as market participants keenly await for the wholesale price inflation (WPI) data for the month of April due later in the day today. Banks stocks are gaining momentum but metals stocks are on a downtrend.
At 02.35 PM, the 30-share Sensex is down 125 points at 27,135 and the 50-share Nifty has shed 41 points at 8,174.
Further, foreign portfolio investors (FPIs) sold shares worth a net Rs 71 crore yesterday, as per provisional data as per provisional data released by the stock exchanges.
GLOBAL MARKET
Overnight, US stocks surrendered early gains to end the session on a flat note as some investors stood on the sidelines waiting for the next round of economic data at the end of earnings season.
The Dow Jones declined by 7 points to 18,060, while the Nasdaq Composite added 5 points to 4,981.
Further, European market reversed earlier gains to end lower with investors reacting to weaker-than-expected US retail data, corporate earnings and new economic data from the Eurozone.
Germany's Dax tumbled, after its economic growth figures missed expectations.
On the Asian front, Japan's Nikkei 225 index was trading 0.6% lower at 19630, Hong Kong's Hang Seng index was trading marginally lower at 27,238 and China's Shanghai index was trading 0.6% lower at 4,347 on Thursday.