The 30-share Sensex was down 52 points at 28,392 and the 50-share Nifty was down 13 points at 8,512.
Max India, Bajaj Finserv, Reliance Capital and Aditya Birla Nuvo are up 1-8% on BSE.
Since 2003, in 10 out of 11 years the benchmark indices have given positive returns in December, except in CY2011, data suggests
Markets are likely to open on a flat note tracking the mixed trends in their Asian peers
Fund managers expect equity and debt returns to converge in the short term