The S&P BSE benchmark sensex snapped its 3-day winning spree by slipping 33 points in the late morning trade on modest profit-selling, mainly in banking, IT, tech and capital goods counters amid weak global cues despite persistent capital inflows from foreign funds.
The sensex resumed lower at 20,857.01 and hovered in a range of 20,880.03 and 20,811.91 before quoting at 20,858.00 at 1030hrs, showing a decline of 32.82 points or 0.16 per cent from its last close.
The NSE 50-share Nifty also moved down by 16.10 points or 0.26 per cent to 6,187.25 at 1030 hrs.
Major losers were ICICI Bank (1.79 pct), ONGC (0.99 pct), Infosys (0.96 pct), Cipla (0.94 pct), HDFC Bank (0.90 pct) and L&T(0.89 pct).
Asian shares declined in their early trade as investors adopted a cautious stance ahead of the Fed meeting minutes.
Key benchmark indices in Taiwan, China, Japan, Indonesia and South Korea fell by 0.08 pct to 0.58 pct while indices in Hong Kong and Singapore rose 0.05 pct to 0.3 pct.
US stocks pulled back as investors showed caution after the Dow Jones Industrial Average and S&P 500 failed to hold above milestone levels in the prior session.
Meanwhile, foreign institutional investors (FIIs) bought shares worth a net Rs 1014.61 crs yesterday as per provisional data from the stock exchanges.