Erasing initial gains, Indian equity markets were trading marginally lower note in the late morning trade on Tuesday amid mixed Asian cues and profit booking.
At 11.35 am, the Nifty at the NSE was trading 18 points down at 9,109 while the Sensex at the BSE was trading 68 points lower at 29,451.
Broader markets underperformed the front liners. BSE Midcap index slumped 0.7 per cent but Smallcap index lost 0.4 per cent.
Among the BSE sectoral indices, Capital Goods index registered the biggest gain with a jump of 0.4 per cent while Healthcare index became the top loser with a dip of 1.7 per cent.
On Monday, the Nifty50 had closed 33 points down at 9,127 and the Sensex had closed 130 points lower at 29,519.
Top gainers in the Sensex-30 pack: L&T (up 0.9 per cent), Infosys (up 0.8 per cent), ITC (up 0.8 per cent), Wipro (up 0.8 per cent) and ONGC (up 0.7 per cent).
Top losers in the Sensex-30 pack: Dr Reddy’s Labs (down 3.9 per cent), Axis Bank (down 3.1 per cent), Sun Pharma (down 2.6 per cent), Gail (down 1.4 per cent) and Adani Ports (down 0.9 per cent).
In the Asian markets, Singapore’s Straits Times Index slipped 0.1 per cent, Korea’s KOSPI jumped 1 per cent, Japan’s Nikkei 225 Index lost 0.3 per cent, Hong Kong’s Hang Seng index gained 0.3 per cent and China’s Shanghai Composite Index increased by 0.1 per cent.
Back home, the Rupee was trading three paise higher at 65.40 against the US Dollar.