At 11:28 a.m. (0558 GMT), the 30-share BSE index .BSESN was down 0.02 percent at 17,613.54 points, with 17 of its components declining.
The main index had gained as much as 0.6 percent earlier in the session.
Reliance Industries (RELI.BO), which has the heaviest weight in the main index, erased some of its early gains and was up 0.7 percent. The energy conglomerate's annual general meeting of shareholders began at 11 a.m. (0530 GMT).
Mukesh Ambani, chairman of the firm said it is ready to provide gas to power plants controlled by his brother Anil Ambani's Reliance ADAG. [ID:nBMA007862]
At the annual general meeting, he said the company looks forward to a "harmonious and constructive" relationship with ADAG.
The 50-share NSE index was up 0.03 percent at 5,276.35. (Reporting by Ami Shah; Editing by Unnikrishnan Nair)
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