At 9:18 AM, the Sensex was trading 74 points lower at 40,358 while the Nifty fell 26 points to 11,847. The broader markets were also in the red but were mainly flat in early deals.
On the sectoral front, Nifty Bank was down 0.8% followed by Nifty FMCG, financial services, metal and pharma were also in the red at opening, while, IT index rose 0.7% and auto also gained in early deals.
Shares of Britannia Industries slipped 4.5% despite posting a healthy 23% increase in net profit for the September quarter.
Hindustan Unilever, Larsen & Toubro Infotech, Bombay Dyeing & Manufacturing, CCL Products, CRISIL among others will announce quarterly earnings today.