Markets pared the opening gains with the Nifty below 12315-marks during the late morning session.
At 10.20-am, the Sensex marked at 41834.55, down by 110 points whereas the Nifty stood at 12314.55, down by 37 points in trade.
Indian Oil Corporation, Zee Entertainment, TCS, HCL Technologies and Reliance were losers, while PowerGrid, Bharat Petroleum, Bharti Infratel, ITC and ICICI Bank were top gainers.
Most of the sectoral indices currently trade in the red with Nifty Media falling the most, down by 1.06 percent. Sun TV, Zeel and Dish TV were among major losers in the Media index. Avail the best Nifty stock trading tips and the latest Equity, stock tips from the experts.
Among stock focus, Axis Bank, Federal Bank, Bank of Maharashtra, Bank of Baroda, Canara Bank and Kotak Mahindra Bank are among the top banking stocks to be watched out this week as they are releasing their quarterly results this week.