Domestic equity benchmarks BSE Sensex and NSE Nifty opened on a choppy note on July 17 amid weak global cues and continued foreign fund outflow.
The 30-share index was trading 4.40 points, or 0.01%, lower at 39,126.64 at 0930 hours, while the broader Nifty inched 2.20 points, or 0.02%, higher to 11,664.80.
Top gainers in the Sensex pack included Kotak Bank, TechM, Asian Paints, HCL Tech, Bajaj Finance and Yes Bank, rising up to 1.32%.
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On the other hand, Tata Motors, Tata Steel, Hero MotoCorp, Maruti, Sun Pharma, TCS and Infosys fell up to 1.27%.
In the previous session, the 30-share gauge closed at 39,131.04 points, showing a rise of 234.33 points or 0.60%; while the Nifty ended 74.25 points or 0.64% at 11,662.60.
On a net basis, foreign institutional investors sold equities worth ₹444.99 crore, while domestic institutional investors purchased shares to the tune of ₹637.71 crore, provisional data available with stock exchanges showed on July 16.
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According to traders, investors are cautious ahead of key earnings, amid weak cues from other global markets and unabated foreign fund outflow.
Mindtree, Wipro, Yes Bank, Tata Elxsi and Dhanlakshmi Bank are among a few companies which will report June quarter results later in the day.
Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading in the red in their respective early sessions.
Meanwhile, the Indian Rupee depreciated 7 paise (intra-day) to 68.79 against the U.S. Dollar.
The global oil benchmark Brent crude futures were trading 0.26% higher at 64.52 per barrel.