The Sensex, which rose to around 20,052, is currently down 68 points or 0.34% at 19,929.45.
The Nifty is down 10.40 points or 0.18% at 5902.75, after rising to 5932.
Bank stocks are trading weak.
Metal and IT stocks are mostly subdued.
Power, capital goods, realty and pharma stocks have edged higher.
The Indian stock market is
likely to open on a positive note on Thursday, tracking the overnight firm
close on Wall Street.
The rupee's sharp upmove
against the U.S. dollar is likely to aid sentiment. The currency's movements
will play a crucial role in setting up the trend.
Ultra Tech Cement will be in focus
following the company's decision to buy Jaypee Group's cement plant in Gujarat for around Rs 3800 crore.
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