Indian shares opened lower on Wednesday amid a global sell-off, although the downside remained limited after oil prices collapsed on Tuesday for the second time in a week.
The benchmark BSE Sensex was down 150 points or 0.42 percent at 35,323 in early trade, while the broader Nifty index was down 34 points or 0.32 percent at 10,622.
BPCL, HPCL and IOC jumped 3-4 percent after oil prices plunged as much as 7 percent on Tuesday to snap four days of gains.
Dr Reddy's Laboratories soared over 7 percent after a positive court ruling on sale of Indivior Plc's opioid treatment drug.
Bank of Baroda advanced 1.7 percent after it agreed to sell 4 percent stake in Clearing Corporation of India to HDFC Bank at Rs 620 per share. HDFC Bank shares were little changed.
Suzlon Energy gained about 1 percent after completing sale of two arms to Canadian Solar.
Dewan Housing Finance Corporation rallied 1.5 percent ahead of its quarterly results today.
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