By 9.30 am, key indices slipped in negative, as Sensex was trading 19.28 points, or 0.03 per cent to trade at 65,200.75, and Nifty50 was flat at 19,396.95.
Shares of Union Bank of India jumped over 1 per cent to Rs 92.80 after the state-owned lender said its Board approved the raising of funds up to Rs 5,000 crore through the issue of equity shares via qualified institutions placement.
By 9.40 am, Sensex was trading 238.14 points, or 0.37 per cent down at 64,912.88, while Nifty50 was down 77.20 points, or 0.40 per cent to trade at 19,288.05.