The Indian stock markets opened nearly 1% down in early trades as investors turned cautious ahead of the Jul-Sep gross domestic data to be tabled later during the day.
According to economists, Jul-Sep GDP growth is likely to register a slowdown and is expected around 7%. In Apr-Jun India's GDP registered a growth of 7.7%.
The BSE Sensex was at 15,870, down 140 points and the Nifty at 4,767, down 39 points.
Index heavyweight Reliance Industries along with banking shares such as ICICI Bank, State Bank of India and infrastructure shares such L&T and BHEL were all down over 1% each.
Overnight, the Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment.
In Asia, however, Japan's benchmark Nikkei average opened down 0.83 per cent at 8,407.63 on Wednesday, while the broader Topix shed 0.66 per cent to 724.87.
Back home, the Nifty is expected to find support at 4750 and may face resistance at 4,930 levels. At 730 am Indian Standard Time, the SGX Nifty was trading at 4799, down 13 points.
