Mumbai, July 27 - Indian equities markets were sluggish a little after noon Monday with a key index slipping into the red after giving up early morning gains.

At 12.20 p.m., the 30-scrip benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened higher at 15,350.89 points, was at 15,371.02 points -- 7.94 points or 0.05 percent lower than Friday's closing figure.

The S&P CNX Nifty of the National Stock Exchange (NSE) was ruling flat around Friday's closing figure at 4,568.4 points.

However, broader market indices were doing better with the BSE midcap index trading 1.03 percent higher and the BSE smallcap index moving up 1.25 percent.

Of the 13 sectoral indices on the BSE, those for realty, FMCG and consumer durables stocks were gaining the most, while energy and auto scrips came under selling pressure.

The market breadth was positive, with 1,530 stocks rising compared to 853 declining.