The S&P BSE Sensex traded flat around 52,050. The index had fallen to as low as 52,100 in intra-day deals. The broader Nifty50 index, meanwhile, traded around the 15,750-mark. HDFC Bank, HDFC, Axis Bank, and Kotak Mahindra Bank fell 1 per cent, each, and were the top Sensex laggards.
The Nifty sectoral indices were mixed, with Nifty PSU Bank index, up 0.4 per cent, leading the gainers.
In the broader markets, the S&P BSE MidCap index was down 0.2 per cent while the SmallCap index ruled 0.5 per cent higher.