Shares of Maruti Suzuki slipped 3% on both the indices and are among the top losers amid report stating that the company has slashed its production by a quarter amidst slowing demand in the passenger vehicle market. The company is estimated to have cut production by 26.8% to about 1.26 lakh units.
On the flip side, Tata Motors, Bosch, and Tata Motors DVR were trading in the positive zone.
Meanwhile, equity benchmark indices were trading flat in the noon trade led by Maruti, HDFC, L&T, and TCS.
The Sensex was down 5 points at 38,008, while the Nifty is slightly higher by 6 points at 11,433. The market breadth was negative with 661 shares advancing, 1,028 shares declining, and 409 remaining unchanged.