Reuters Market Eye - The BSE Sensex falls 0.15 percent, while the 50-share NSE index <.NSEI> loses 0.19 percent.
Auto stocks lead the fall, with Tata Motors declining 1.7 percent as the stock went ex-dividend on Wednesday.
Bajaj Auto declines 0.8 percent ahead of April-June quarter earnings later in the day.
Infosys gains 0.3 percent on bargain-hunting, marking its second day of gains.