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Adani stocks were the top gainers in the opening session as Adani Enterprises jumped over 1 per cent, and Adani Ports gained nearly 1 per cent.
BSE benchmark Sensex was down 39.71 points, or 0.06 per cent to 66,388.38, while broader NSE Nifty50 was trading 5.35 points, or 0.03 per cent lower at 19,816.85.
In early trade, the 30-share BSE Sensex jumped 392.89 points to 66,559.82 and Nifty 50 climbed 118 points to 19,849.75.
The industry data would suggest that mutual fund investors are chasing performance, as the Small Cap and Sectoral/Thematic category of mutual funds have got the bulk of the inflows in FY24, so far.
All broader market indices, except for India Vix and Nifty Microcap 250, slipped into red in the morning trade.