The key domestic benchmark indices were trading in the red in the morning trading session as weakness in IT and Teck stocks offset gains in bank and consumer durables stocks.
Shares of Punjab National Bank remained under selling pressure and tumbled over 3 per cent in opening trade as investors remained jittery following recent fraud case. Shares of Gitanjali Gems eroded another 10 per cent after media report suggested that the Central Bureau of Investigation (CBI) has filed a first information report (FIR) against the company.
At 10:15 a.m, the Bombay Stock Exchange bellwether Sensex was trading at 33817.22 down by 193.54 points or by 0.57 per cent, while the NSE Nifty was at 10385.3 down by 67 points or by 0.64 per cent.
The BSE Sensex touched an intraday high of 34122.96 and an intraday low of 33789.92 while the NSE Nifty touched an intraday high of 10489.35 and an intraday low of 10379.05.
The top gainers of the BSE Sensex pack were Infosys Ltd. (Rs. 1133.35,+0.76 per cent), Tata Consultancy Services Ltd. (Rs. 2943.00,+0.20 per cent), ICICI Bank Ltd. (Rs. 321.20,+0.06 per cent), among others.
Meanwhile, Tata Steel Ltd. (Rs. 660.95,-3.97 per cent), Larsen & Toubro Ltd. (Rs. 1306.30,-1.63 per cent), State Bank of India (Rs. 267.70,-1.49 per cent), Bharti Airtel Ltd. (Rs. 413.45,-1.43 per cent), Axis Bank Ltd. (Rs. 530.55,-1.34 per cent), were among the top losers on BSE.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2380 , shares advanced were 603 while 1656 shares declined and 121 were unchanged.
On the global front, Asian stocks were trading higher after the US's S&P 500 extended its winning streak on Friday to six days, while the Wall Street closed higher in the previous trading session extending its winning streak.