The market showed a slight recovery in trade after falling to its day's low in the first half of the day.
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The BSE Sensex was trading at 35,173 points and the NSE Nifty was trading at 10,731 points. The NSE Nifty, however, still remains in the red but has gained slightly. Kotak Mahindra and Baja Auto remain among the top index gainers.
Bajaj Auto reported its highest auto sales for the month of April which has helped the auto stock gain in trade.
The IT stocks slipped in trade after HCL Tech missed the market estimates in its Q4 numbers. The stock has fallen to nearly 4% affecting its peers as Infosys and Tech Mahindra have lost over a percent in the opening hour.
The market opened on a positive note with the NSE Nifty trading at 10,773 points and the BSE Sensex, up by over 100 points, is trading at 35,287 points.
The auto stocks - Maruti, Tata Motors and Bajaj Auto - were among initial top index gainers after posting robust monthly sales.