Equity benchmark Sensex dropped over 95 points in early trade on Friday.
At 10:29 am, the 30-share index was trading 5.24 points lower at 55,943.86. Similarly, the broader NSE Nifty gained 17.40 points to 16,654.30.
M&M was the top loser in the Sensex pack followed by HDFC, Tech Mahindra, ICICI Bank, Infosys and IndusInd Bank.
On the other hand, UltraTech Cement, Bajaj Finserv, L&T, Tata Steel, Bajaj Finance and Bharti Airtel were among the gainers.