The Sensex is down 51 points at 28,606 and the Nifty is down 52 points at 8,696.
Benchmark indices have opened the session flat with banks and IT shares contributing to the decline with TCS losing over 1.5% after the company missed the street expectations for the third straight quarter.
Also, investors will keenly watch out for the quarterly results of RIL due later during the day.
At 11.10 AM, the Sensex is down 51 points at 28,606 and the Nifty is down 22 points at 8,696 Foreign institutional investors were net sellers in equities to the tune of Rs 214 crore, as per provisional stock exchange data.
Global Markets Asian shares were trading firm on Friday shrugging of overnight weakness in US stock markets which ended marginally lower amid discouraging economic data.
Shares in Japan continued to witness profit taking with the benchmark Nikkei was down 0.5% to trade below the 20,000 mark.
Meanwhile, shares in China and Hong Kong were trading higher with the benchmarks Shanghai Composite and Hang Seng up 1.7% and 0.7%, respectively while the Straits Times was trading flat with positive bias.
Major US stock indices ended with marginal losses as concerns over weak first quarter earnings and weak economic data weighed on investor sentiment.
US housing starts in March grew way below expectations.
The Dow Jones industrial average slipped 7 points to close at 18,105.77 the broader S&P 500 ended 2 points lower at 2,104.99 and the tech-laden Nasdaq slipped 3 points at 5,007.79.
