At 2:10 PM, the BSE Sensex was trading at 33,022, down 151 points, while the Nifty50 index was trading at 10,142, down 42 points.
The BSE Midcap and the BSE Smallcap indices was down by 0.48% and 0.80%, respectively.
Nifty Metal was the worst performer among sectoral indices on the NSE, down 1.5%, as investors booked profits after Tuesday's gains.
Nifty Auto was the top gainer among sectoral indices, up 0.3%.
Shares of Jet Airways India fell over 3.5% after media reports said the company has deferred payment of March salary to its staff.
Alkem Lab stock fells 11% after USFDA issued Form 483 with 13 observations for its Daman plant.
Persistent Systems stock tanked 10% after the IT company informed the exchanges that it is expecting a decline in IP revenues for Q4FY18, which is about to wrap up shortly.
HAL listed at 5% discount to its issue p…