JOIN USThe 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,128.83 points, was ruling at 17,043.02 points, down 58.26 points or 0.34 percent from its previous close at 17,099.28 points. It had touched a high of 17,191.12 points soon after opening.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading on a flat note at 5,128.5 points, up 0.23 percent.
Both benchmark indices had rallied handsomely in the previous session with the Sensex gaining 356 points.
The BSE midcap index was trading 0.67 percent higher, while the BSE smallcap index was up 0.63 percent. Broader markets were, however, flat.
The market breadth was positive with 1,531 stocks advancing, compared to 1,238 on the decline and 112 remaining unchanged.
Sensex gainers at this time included ICICI Bank, Coal India, SBI and NTPC, while the losers included Hero MotoCorp, RIL, TCS and Bajaj Auto.
Asian markets were mostly subdued as traders kept to the sidelines awaiting fresh cues regarding the Greece debt crisis.
The Japanese Nikkei closed 0.23 percent up at 8,741.16 points, while Hong Kong's Hang Seng index was trading 1 percent down at 18,824.17 points.
The Chinese Shanghai Composite index, however, closed 2.66 percent higher at 2,512.96 points.
European stocks opened on a lower note as a lack of solution to Greece's debt problems continued to plague trader sentiments.