Mumbai: The BSE Sensex turned flat paring initial gains, easing 16.36 points at 32,407.40 following mild bouts of profit-booking in capital goods, power, energy and financials sectors amid lower Asian trend.
Broader Nifty was trading below the 10,150-level.
Key indices traded in small ranges as investors turned cautious ahead of the US Federal Reserve's two-day policy meeting beginning later today.
Oil&Gas, auto, realty and industrial counters witnessed buying interest.
The Sensex resumed higher at 32,522.44 and moved in a range of 32,524.11 to 32,358.63 before quoting at 32,407.40, at 1100 hrs, marginally down by 16.36, or 0.05 percent.
The NSE 50-share Nifty slipped from all time high level of 10,178.95, it was also trading marginally down by 8.35 points or 0.08 percent at 10,144.75.
Major losers were Coal India 1.62 percent, Axis Bank 1.07 percent, SBIN 0.72 percent, ITC 0.69 percent and L&T 0.52 percent.
Gainers included Tata motors 4.55 percent, Tata Motorsdvr 2.12 percent and Kotak Banks 1.78 percent.
Foreign portfolio investors (FPIs) sold shares worth Rs 96.92 crore yesterday, as per provisional data released by the stock exchanges. While, domestic institutional investors (DIIs) bought shares worth a net Rs 775.61 crore, as per provisional data.
Overseas, most Asian markets were trading lower as investors awaited clues from the Federal Reserve on future monetary policy.
The US stocks registered fresh record closing high yesterday as investors looked ahead to the outcome of a key Federal Reserve meeting tomorrow.
