Indian market opened marginally higher on Wednesday tracking\u00a0a\u00a0positive closing\u00a0on Wall Street but soon fell into negative territory ahead of GDP data release which is scheduled for later today. BSE Sensex\u00a0gained 39 points to open at 31,685.44 while NSE Nifty advanced 21 points to open at 9,905.7 points. The buying in the blue-chip shares of Reliance Industries, Wipro supported the benchmark indices. But within minutes of trading\u00a0equities reversed all the morning gains, with the major indicators falling nearly 0.1% each. The release of GDP growth rate for the second quarter, government budget value for the month of July and Infrastructure output data and future and options expiry are among several factors which will weigh on the Indian markets today. Reliance Industries was the top gainer on the\u00a030-share barometer, rose as much as 1.35% to Rs 1,585.35 after the oil-to-telecom conglomerate yesterday said it will make an offer for issuing non-convertible debentures (NCDs) worth Rs 2,500 crore next week. Shares of India\u2019s third-largest software services firm\u00a0Wipro advanced 1.41% to Rs 295.75 as yesterday its shareholders have approved the company\u2019s Rs 11,000-crore buyback proposal. The Bengaluru-based company has fixed 15 September as the record date for the buyback offer. Shares of the heavyweight companies Infosys, HDFC, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, ITC, and NTPC contributed the most to the decline in the benchmark Sensex. Collectively these stocks washed off around 78 points\u00a0in the index\u00a0drop. The 30-share indicator Sensex was trading 0.19% lower at 31,587.36 points and the broader Nifty 50 was trading down 0.14% at 9,870.4 points. The rupee depreciated by 5 paise to 64.06 against the US dollar in early trade today on month-end demand for the American currency from importers and banks.\u00a0Shares of NTPC were the biggest loser on\u00a0BSE Sensex, sank 1.55% to\u00a0Rs 165.4 after the company yesterday said it has signed a term loan agreement for Rs 3,000 crore with\u00a0ICICI Bank\u00a0for partially funding its capital expenditure. US stocks rose on Wednesday after stronger-than-expected US economic growth outweighed concerns about escalating tensions between the United States and North Korea and uncertainty in the aftermath of Hurricane Harvey.\u00a0The Dow Jones Industrial Average rose 0.12% to end at 21,892.43 points, the S&P 500 gained 0.46% to 2,457.59 points and the Nasdaq Composite added 1.05% to 6,368.31 points.