The Sensex slipped 17 points at 17,302.
Nifty ended flat at 5,239.
Global markets ended in the positive zone as factory activity surged in April.
Strong US factory activity data and a pickup in Asia raised hopes of a global economic recovery, but fears over the health of the euro zone kept the single currency under pressure.
In Asia, Nikkei added 0.3% to 9,380 while Shanghai Composite surged 1.7%.
BSE auto index was the biggest dragger and slipped 1.7% at 10,463. Power and capital goods indices also declined in trades.
However, the consumer durables index added 2.4% to 6,750.
Back home, Hindustan Unilever was up 2% at Rs 425 after reporting a 21% year-on-year (y-o-y) growth in net profit at Rs 687 crore (Rs 6.87 billion) for the fourth quarter ended March 31, 2012.
Bharti Airtel is also trading higher by 2.4% after the company reported higher operating profit on a sequential basis.
Shares from the auto pack dipped lower as most of them reported a single digit growth in passenger vehicle sales in the domestic market during the month of April 2012 over the previous year.
"Eight of the country's top 19 automobile makers together recording a growth of nine per cent to sell 171,130 units in April, compared with 157,101 units sold in last year," reports suggest.
Tata Motors shed 3.8% at Rs 305 after reporting 7% year-on-year fall in total sales (including exports) of Tata commercial and passenger vehicles at 60,086 units in April 2012.
Maruti Suzuki India slipped 2.7% at Rs 1,332 on registering modest growth of 3.6% last month.
The company sold 100,415 units in April, compared with 97,155 units it sold a year ago.
Meanwhile, the second largest two-wheeler maker Bajaj Auto today reported just 4% rise in April sales to 381,590 units, as against 367,309 units a year ago.
Hero MotoCorp came out with quarterly numbers.
The two-wheeler major reported a net profit at Rs 604 crore (Rs 6.04 billion).
What is the new normal for growth?
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