The market was trading flat after entering the green zone for a brief period as investors are keenly eyeing exit polls.
The 30-share Sensex was down 16 points at 28886.16, while the Nifty was down by 10 points at 8914.25.
The market breadth was in the negative territory with 1,172 shares having advanced, 1,271 shares having declined and 140 shares remaining unchanged.
Dr Reddy’s, GAIL and Idea Cellular were the top losers, while Maruti Suzuki and Axis Bank were the top gainers on both the indices.
Tracking a weak trend overseas, gold prices declined by 0.36 percent to Rs 28,598 per 10 grams as participants trimmed positions. At the Multi Commodity Exchange, gold for delivery in far-month June shed Rs 104, or 0.36 percent, to Rs 28,598 per 10 grams, in a business turnover of 31 lots. In a similar fashion, the metal for delivery in April fell by Rs 99, or 0.35 percent to Rs 28,530 per 10 grams in 1,042 lots.