Earlier in the day, the Sensex and Nifty flip-flopped in negative and positive territory.
The Sensex closed 41 points higher at 27,788 and Nifty advanced 20 points to end at 8,529.
From Nifty basket of shares, 33 ended higher while 18 closed lower.
Hindustan Unilever was the top Nifty loser, the stock fell for second day after the company disappointed the Street by posting weaker than expected volume growth of 4 per cent. The stock closed 2.9 per cent lower at Rs 895.
IndusInd Bank, Yes Bank, Eicher Motors, Acis Bank and Coal India were also among the laggards in Nifty.
On the other hand, ICICI Bank, Idea Cellular, BPCL, Tata Motors and Reliancer Industries and Infosys were among the gainers.
The broader markets ended mostly in line with benchmark indices.
The overall market breadth was negative as 1,450 stocks closed lower while 1,222 ended higher on the BSE.
3:26 p.m.: Sensex edges higher, jumps 52 points to 27,798 and Nifty advances 22 points to 8,530.
3:16 p.m.: Hindustan Unilever was the top Sensex loser, down 2.89 per cent to Rs 894. HDFC Bank, Hero MotoCorp, Axis Bank, Mahindra & Mahindra and Coal India were also among the laggards.
3:00 p.m.: Gujarat Fluro Chemicals was the top gainer from the small-cap space, up 14 per cent to Rs 602. Kamla Dials, Gokaldas Exports, Steel Exchange, Deccan Gold Mines, Chennai Petro and Capital First were also among the gainers, up 7-11.5 per cent each.
2:30 p.m.: The market breadth remains bearish as 1,513 stocks decline while 1,072 advance.
2:11 p.m.: Oil & gas stocks were witnessing buying interest. The BSE oil & gas index was up 0.7 per cent; Bharat Petroleum, indian Oil, HPCL, Oil India, ONGC and Castrol were among the gainers.
2:06 p.m.: Capital goods stocks were witnessing selling pressure. The BSE Capital Goods index was down 0.3 per cent; Larsen & Toubro, Suzlon Energy, BHEL, Bharat Electronics, Thermax, VA Tech Wabag and Laxmi Machine Works were also among the laggards.
1:47 p.m.: Stock markets were trading with a negative bias. Sensex fell 62 points to 27,684 and Nifty was at 8,491, down 17 points.
1:24 p.m.: FMCG shares continue to witness selling pressure. The FMCG index on BSE fell 1 per cent; Hindustan Unilever was the top loser from this space, down 3.44 per cent to Rs 888. HRBL, Dabur, United Spirits and Emami were also among the prominent losers.
1:11 p.m.: Stock markets continue to trade on a listless note. Sensex advances 3 points to 27,750 and Nifty gains 4 points to 8,513.
12:58 p.m.: Shares of state-run lenders such as State Bank of India, Punjab National Bank, Bank of India, Canara Bank, Allahabad Bank, Indian Overseas Bank, Syndicate Bank and Bank of Baroda etc advanced 1-4 per cent each after the government gave Rs 22,915 crore to PSU banks as first tranche of recapitalisation money.
As per initial details accessed by NDTV Profit, State Bank of India will be given Rs 7,575 crore from Rs 22,915 crore allocated for PSU banks. Punjab National Bank will be given Rs 2,816 crore, Bank of India will be granted Rs 1,784 crore, Canara Bank will be given 997 crore, Central Bank of India will be allotted 1,729 crore and Syndicate Bank will be given Rs 1,034 crore.
12:33 p.m.: PSU bank shares gain after government gives Rs 22,915 crore to state-run banks as first tranche of bank re-capitalisation money.
12:17 p.m.: Mid-cap index was up 0.03 per cent. JP Associates was the top gainer from this space, up 3.9 per cent to Rs 11.46. Canara Bank, MRPL, HPCL, Cummins India, Shriram City Union Finance, NALCO and JSW Energy were also among the gainers, up 1.68-3.14 per cent each.
12:09 p.m.: ICICI Bank was the tiop Nifty gainer, the stock advanced 2.15 per cent to Rs 269. Idea Cellular, BPCL, ONGC, Tata Motors DVR, Hindalco and Lupin were also among the gainers.
12:00 p.m.: Banking shares were witnessing selling pressure. The Bank Nifty declined 0.18 per cent; IndusInd Bank was the top loser from this space, down 1.68 per to Rs 1,111. Punjab National Bank, Yes Bank, Bank of India, HDFC Bank and Axis Bank were also among the losers, down 0.6-1.25 per cent each.
11:30 a.m.: Shares of IT major Wipro Ltd edged lower today ahead of its first quarter earnings numbers which will be declared later in the day.
Analysts polled by NDTV Profit expect Wipro post consolidated net profit of Rs 2,181 crore on sales of Rs 13,794 crore in the quarter ended June 2016. The IT company in the corresponding quarter of the previous year had reported net profit of Rs 2,235 crore on sales of Rs 13,741 crore.
11:10 a.m.: Stock markets trade on a flat note. Sensex jumps 12 points to 27,758 and Nifty advances 5 points to 8,514.
10:47 a.m.: Shares of Mindtree slumped as much as 7 per cent to a 52-week low of Rs 571 today after the mid-tier IT company reported disappointing first-quarter earnings.
Mindtree in the quarter ended June 2016 reported a 7.2 per cent decline in net profit to Rs 123 crore on a sequential basis, hurt by a contraction in its operating or EBITDA margins.
10:38 a.m.: Shares of Jaiprakash Power Ventures surged as much as 13 per cent to hit intraday high of Rs 6.90 after the company said it plans to sell its thermal power plant in Bina, Madhya Pradesh, to JSW Energy for Rs 2,700 crore.
Jaiprakash Power Ventures plans to sell a 500 MW thermal power plant, Bina Power Supply Ltd, to JSW Energy Ltd for Rs 2,700 crore including debt, both the companies said on Monday.
9:56 a.m.: Stock markets edged lower in morning trades owing to weakness in FMCG shares. The Sensex fell 37 points to 27,709 and Nifty declined 10 points to 8,498.
9:22 a.m.: Sensex and Nifty edged higher in opening deals on Tuesday on the back of buying in selcet heavyweight stocks such as Infosys, ICICI Bank, Tata Motors and Larsen & Toubro. However, gains were capped due to selling in FMCG heavyweight Hindustan Unilever.
As of 9:21 a.m., Sensex was up 17 points at 27,764 and Nifty was at 8,516, up 7 points.
In early trading, selling pressure was seen in select FMCG, power and banking shares.
While, metal, oil & gas, auto and realty stocks were witnessing buying interest.
From Nifty basket of shares, 33 were advancing while 18 were declining.
Zee Entertainment was the top Nifty gainer,. up 1.74 per cent to Rs 469. Tata Motors, ONGC, Idea Cellular, Hindalco, Maruti Suzuki, TCS and Aurobindo Pharma were also among the gainers.
On the other hand, Hindustan Unilever was the top Nifty loser, down 2.4 per cent to Rs 899 after the company reported weaker-than-expected volume growth of 4 per cent on Monday.
BHEL, Bank of Baroda, Yes Bank, Wipro, Reliance Industries, IndusInd Bank and ACC were also among the losers.
The broader markets were in-line with the benchmark indices. The BSE mid-cap index advanced 0.23 per cent while the small-cap index gained 0.1 per cent.
Among the individual shares, Mindtree slumped over 5 per cent on reporting disappointing Q1 earnings.
8:35 a.m.: Sensex is set for a positive start tracking gains on Nifty futures traded on Singapore Stock Exchange amid firm global cues.
The Nifty futures traded on Singapore Exchange traded 0.26 per cent or 22 points higher at 8,542.
Meanwhile, other Asian share markets were trading cautiously higher after US stocks hit fresh record highs but fall in crude oil prices curbed the enthusiasm.
Japan’s Nikkei was up 0.47 per cent, Hong Kong’s Hang Seng index fell 0.5 per cent and South Korea’s KOSPI was down 0.4 per cent.
Overnight, U.S. stock prices rose on Monday, with the Dow Jones Industrial Average and S&P 500 posting record closes amid upbeat company earnings, while oil fell on worries about growing supply and traders brushing off a failed coup in Turkey.
The Dow Jones industrial average unofficially closed up 16.5 points, or 0.09 percent, at 18,533.05, the S&P 500 ended up 5.15 points, or 0.24 percent, to 2,166.89 and the Nasdaq Composite finished 26.20 points, or 0.52 percent, higher to 5,055.78.
Back home, foreign institutional investors bought shares worth Rs 599 crore while domestic institutional investors sold shares worth Rs 439 crore on Monday.
Wipro shares will be in focus today as company will come out with its first quarter numbers later in the day.