The S&P BSE Sensex was trading 77 points lower at 37,800 levels after rising as high as 38,119 in the opening deals. The broader Nifty50 index also slipped below the 11,200-mark. NTPC, Larsen & Tourbo, Titan, and Tech Mahindra (all up 1%) were the top Sensex gainers. On the other hand, Reliance Industries and Axis Bank dipped over 2 per cent each.
Meanwhile, Glenmark Pharma surged as much as 7 per cent after posting an over two-fold increase in consolidated net profit in June 2020 quarter.
The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 1 per cent, leading the list of gainers.
A total of 37 companies, including Can Fin Homes, Petronet LNG, and Suven Pharmaceuticals, are set to report their quarterly earnings today.