Benchmark indices opened the day flat, even as most Asian markets were trading lower and Wall Street closed flat.
European markets, which saw huge selling pressure following the blast in Brussels ended the day higher.
The Sensex was trading with losses of 72 points, while the Nifty dropped 13 points in trade.
IDFC Bank was trading higher after reports that the lender would replace Ricoh India in BSE's S&P 500 index. The stock was up 2 per cent in early trade.
Banking stocks were seeing some early selling pressure with State Bank of India, Punjab National Bank and Bank of
Baroda among the early losers in trade. Hindalco, Hero Motor Corp and Tata Power were among the early gainers from the Nifty.
Midcap stocks, which had a good day on Tuesday, were seeing some profit booking. Early losers from the space were DHFL and IDBI Bank.
Meanwhile, markets across Asia were trading with losses, with the Hong Kong's Hang Sang and the Chinese Shanghai Composite among the early losers in trade.