The Sensex opened at 78,263.33 and was trading at 78,127.07, down 27.18 points or 0.03 per cent, compared to its previous close of 78,154.25. TMPV added 0.89 per cent, trading at ₹350.70 against a previous close of ₹347.60. IT and pharma showed relative strength in the previous session, but pharma-linked stocks like Apollo Hospitals and Dr. Reddy's faced selling pressure at Wednesday's open. "This might keep crude prices elevated, constraining a rally in the market." On the institutional side, foreign institutional investors turned net buyers on Tuesday, purchasing equities worth ₹258–259 crore, though purchases slowed sharply from ₹1,975 crore the previous session.