The market is flat but the Nifty is slightly above 8550. The 50-share index is down 12.30 points or 0.1 percent at 8563 while the Sensex is up 12.89 points at 27787.77. About 1077 shares have advanced, 1363 shares declined, and 144 shares are unchanged.
Lupin, Reliance, TCS, ITC and Axis Bank are top gainers while M&M, SBI, Sun Pharma, Adani Ports and Tata Steel are losers in the Sensex.
European stocks opened mostly higher as markets in Asia and Wall Street pause for breath amid falling oil prices.
Investors remain cautious after the trend set in the Asian trading session on Thursday where markets opened lower following US losses the previous day.
Negative Asia sentiment was also likely driven by Wednesday’s oil price falls, with traders anticipating another data deluge from China on Friday when industrial production, fixed asset investment and retail sales data are due.