The BSE Sensex was trading 0.01 per cent lower or 3.7 points at 26,083. It hit a low of 26034.55 and a high of 26,115.78 in trade today.About of initial volatility was witnessed as key benchmark indices trimmed losses after slipping into the red after opening higher.
Indian steel companies' shares gain, with Tata Steel Ltd up 2.5 percent on optimism ahead of China manufacturing PMI due on Friday.
Chinese steel and iron ore futures rose to their highest in more than a week. Jindal Steel and Power Ltd gains 1.5 percent, and JSW Steel Ltd is up 0.6 percent. Sesa Sterlite Ltd is up 1.4 percent.
In the technology space, HCL Technologies lost 2 percent despite 13 percent sequential growth in profit for April-June quarter. Wipro declined 1.5 percent while TCS, Infosys and Tech Mahindra (ahead of numbers today) slipped marginally.
Dr Reddy's Labs declined over a percent on profit booking as it had rallied 2 percent in previous session on Q1 earnings. Housing finance company HDFC lost 0.6 percent.
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