Investors focus has now shifted to March 2021 (Q4FY21) quarterly result with major IT giants like TCS, Infosys and Wipro set to announce their financial performance for the quarter next week.
Notably, the domestic equities shrugged off the rally in global stocks which was driven after US Federal Reserve Chairman Jerome Powell assured that the central bank may reinvigorate the economy without fueling painful inflation.
At around 09.43 am, Sensex was trading at 49,709.26 down by 36.95 points or 0.07%. While Nifty 50 was performing flat at 14,873.55.
Sensex gainers were - Hindustan Unilever (+2.4%) followed by Sun Pharma (+1.9%) and ITC (+1.2%). Other stocks like HDFC, ONGC, Titan, SBI, Ultratech Cement and Bajaj Auto advanced between 0.5-1%.
However, on Sensex, Bajaj Finance was the top underperformer tumbling by nearly 2%. Stocks like L&T, Asian Paint, IndusInd Bank, ICICI Bank and HDFC Bank plunged between 0.5-1%.
In terms of sectoral indices, on BSE, the Bankex index has plunged more than 513 points so far since the opening bell.