At 09:18 am, the S&P BSE Sensex was trading 29.43 points lower at 34,587.21.
India's most valued firm Tata Consultancy Services touched a market capitalization of $100 billion today, a first for any Indian company, but the benchmark indices set none of those records in today's trade.
The wider Nifty50 of the National Stock Exchange (NSE) rose by 34.05 points or 0.32 per cent to provisionally close (at 3.30 p.m.) at 10,618.75 points.
The BSE IT index rose after rupee fell to a 14-month low of 66.825 against the dollar on bouts of month-end dollar demand from importers amid crude price volatility and rising United States bond yields. In the broader market, the BSE Midcap and the BSE Smallcap indices remained little changed.
Meanwhile, Bharti Airtel was the top gainers in Nifty, up 5 per cent after the telecom operator reported better-than-expected earnings for the March quarter led by its Africa business.
Likewise, the yellow metal for delivery in June contracts was trading lower by Rs 69, or 0.22 percent, to Rs 31,363 per ten grams in 223 lots.
The market breadth was narrow as 1391 shares advanced against a decline of 1290 shares, while 165 shares were unchanged.
Oil prices slipped back from near 3-1/2-year highs as talks between U.S. President Donald Trump and French President Emmanuel Macron eased concerns Washington may reinstate sanctions against Iran, although Trump refrained from committing to staying in a 2015 nuclear deal. China's Shanghai Composite gained 2 percent and Hong Kong's Hang Seng gained 1.3 percent while Japan's Nikkei rose 0.9 percent.