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Sensex and Nifty opened on a flat note in trades on Thursday on the back of subdued global cues.
Overnight, the Dow Jones industrial average and Standard & Poor's 500 retreated further from record highs set on Monday while major gauges of European and Japanese shares were below their multi-year peaks.
The Dow lost 106.47 points, or 0.58 per cent, to 18,096.90, the S&P 500 slipped 9.25 points, or 0.44 per cent, to 2,098.53 and the Nasdaq Composite fell 12.76 points, or 0.26 per cent, to 4,967.14.
Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday's closely-watched US jobs data, while the nervous euro languished at an 11-year low prior to the European Central Bank's policy meeting.
MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.2 per cent. Japan's Nikkei lost 0.2 per cent and South Korean and Australian shares also posted modest losses.
Back home, the foreign institutional investors purchased shares worth Rs 2,786 crore on Wednesday.
Healthcare, FMCG and consumer durable stocks were witnessing buying in the opening trades. At the same time, banking, capital goods and IT stocks were trading on a listless note.
Sun Pharma and Cipla were the leading gainers among the Nifty stocks, up nearly 2 per cent each. HDFC, Jindal Steel, Lupin, Tata Power, Bank of Baroda, HUL and Dr Reddy's Labs were also trading higher by around 1 per cent each.
On the other hand, Power Grid, ICICI Bank, Cairn India, Bharti Airtel and NMDC were among the losers.
On the other hand, Power Grid, ICICI Bank, Cairn India, Bharti Airtel and NMDC were among the losers.
At 9:40 AM, the Sensex was up 62 points at 29,443 and Nifty was at 8,931, up 8 points.
(With inputs from Reuters)
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