The stock market trading under the selling pressure in the morning session. Sensex fell 159 points at 27237.20 and Nifty down 46 points at 8239.00.
Shares of HDFC, ITC, TCS and Vedanta fell around 1-2 percent followed by Bharti Airtel, SBI and Infosys with little losses.
However, Axis bank topped the buying list in the Sensex and up 2 percent ahead of fourth quarter earnings.
The Indian rupee opened lower at 63.22 per dollar on Wednesday against 63.15 on Tuesday.
Wipro the big IT company may cut 30 percent of its employees because a company going to invests in the automation and artificial intelligence which reduces the need of human capital.
Crude oil May contract prices traded at 3615.00 with high on 3616 and low on 3605, as per our experts it will show buying for safe trading in crude oil and will give good a profit.