Key benchmark indices were hovering near flat line in morning trade. At 10:29 IST, the barometer index, the S&P BSE Sensex, was down 11.76 points or 0.03% at 34,801.23. The Nifty 50 index was almost flat at 10,482.60. Sentiment was weak amid negative global cues.

Among secondary barometers, the BSE Mid-Cap index was down 0.58%. The BSE Small-Cap index was down 0.27%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was negative. On BSE, 929 shares rose and 1030 shares fell. A total of 110 shares were unchanged.

Asian Paints (up 0.90%), Axis Bank (up 0.90%), Mahindra & Mahindra (up 0.74%), Reliance Industries (up 0.70%), Power Grid Corporation of India (up 0.65%) and Maruti Suzuki India (up 0.49%), were the major Sensex gainers.

Sun Pharmaceutical Industries (down 3.15%), Bharti Airtel (down 1.29%), IndusInd Bank (down 0.72%), State Bank of India (down 0.68%) and Kotak Mahindra Bank (down 0.51%), were the major Sensex losers.

Coal India was up 1.02%. The company's consolidated net profit jumped 732.73% to Rs 3084.70 crore on 26.28% rise in total income to Rs 24209.33 crore in Q2 September 2018 over Q2 September 2017. The announcement was made after market hours yesterday, 12 November 2018.

Tata Motors was down 2.53%. Tata Motors Group global wholesales in October 2018, including Jaguar Land Rover, were at 1,09,597 units, higher by 6%, as compared to October 2017. The announcement was made after market hours yesterday, 12 November 2018.

On the economic front, India's industrial production grew 4.5% in September compared with the upward revised 4.7% in August, data released by the statistics office showed. August growth had initially been estimated at 4.3%.

Inflation as measured by the Consumer Price Index stood at 3.31% in October compared to 3.70% in September, showed government data released on Monday.

Overseas, most stocks in Asia fell on the back of US stocks closing sharply lower Monday. In US, the Dow Jones Industrial Average tumbled 600 points as crude oil prices extended their retreat while a firmer US dollar also sparked worries about the competitiveness of US corporations in an increasingly challenging economic environment.