Equity benchmarks remained lacklustre in afternoon trade but European markets turned strong after UK elections results that showed a possibility of hung parliament.
The 30-share BSE Sensex was down 36.53 points at 31,176.83 and the 50-share NSE Nifty declined 7.55 points to 9,639.70.
Infosys and Maruti Suzuki were most active shares on exchanges.
Infosys declined nearly 2 percent on reports that founders may be looking to sell stake in the company while Maruti gained 2 percent as reports indicated that the company plans to spend Rs 1,000 crore in land acquisition this year.
Bourses in Europe were higher as investors reacted to a hung parliament in the UK's General Election. France's CAC, Germany's DAX and Britain's FTSE gained 0.8 percent each.
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