Benchmark indices Sensex and Nifty were trading in red on October 14 after falling from day's high due to various reasons, including profit booking and FII selling.
At 11:33 am, the Sensex was down 96.68 points or 0.13% at 72,937.10, and the Nifty was down 45.55 points or 0.2% at 22,676.40. About 2,300 shares advanced, 1,365 shares declined, and 190 shares were unchanged.
In the broader market, small-cap indices were slightly up and mid-cap trackers slightly down.
In the 50-stock index, Larsen & Toubro, ICICI Bank, and Bajaj Finance were the key drags, while HDFC Bank, Tata Consultancy Services, and Infosys lent support. TCS advanced 2% to be the top gainer in the index. Since the day it reported its earnings, TCS has risen as much as over 12%. Shriram Finance was the top laggard, down over 2%. The non-banking financial company had closed significantly higher in the earlier session after Bloomberg reported that Japan's Mitsubishi UFJ Financial Group is mulling acquiring a majority stake.
Nifty IT continued to extend its gains from Tuesday and it was the top performer on the sectoral front. The index was up 1%, supported by TCS and Infosys. Three stocks in the index--Mphasis, Oracle Financial Services Software, and Persistent Systems—fell. Nifty Pharma and Nifty Healthcare were top laggards, down about 1% each.