Indian shares were sluggish on Wednesday, as investors preferred to stay on the sidelines ahead of the Reserve Bank of India's monetary policy decision later in the day.
At 0600 GMT, the S&P BSE Sensex fell 0.08 percent to 32,550 while the broader NSE Nifty declined 0.15 percent to 10,099.
Investors are keeping a close eye on the Reserve Bank of India's meeting later today, at which it is expected to cut rates.
S&P BSE Bankex Index edged up 0.2 percent ahead of the policy. Punjab National Bank, Axis Bank and Bank of Baroda rose between 0.7 percent and 2 percent.
Lupin rose 1.6 percent after US drug regulator approved generic lidex ointment.
Gujarat State Fertilizers & Chemicals gained 3 percent after the company said it has re-started its Ammonia-IV plant.
Among the laggards, consumer goods company Marico fell 2.4 percent after the company reported an 11.9 percent decline year-on-year in net profit for the first quarter.
Reliance Defence and Engineering declined 2.7 percent after the company's loss widemed to Rs 230.4 crore in June quarter.
Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.
Meanwhile, Asian shares climbed along with the U.S. stock futures following steallar earnings from technology giant Apple.
Apple reported better-than-expected iPhone sales, revenue and earnings per share and signaled its upcoming 10th-anniversary phone is on schedule.
