Benchmark indices started off the week on a flat note but the broader markets outperformed in early trade amid weak Asian cues.
The 30-share BSE Sensex was down 4.18 points at 29,457.27 and the 50-share NSE Nifty fell 2.55 points to 9,148.25. About 672 shares advanced against 321 declining shares on the BSE.
Dr Reddy's Labs share price rallied more than 2 percent after the USFDA has not issued any observations for Srikakulam plant.
Sun Pharma fell over 2 percent
Torrent Pharma also lost 2 percent
The Indian rupee opened flat at 64.42 per dollar today against Friday's closing of 64.41.