The market consolidates with negative bias in early trade Wednesday ahead of outcome of FOMC's two-day meeting (that will end tonight) and expiry of January derivative contracts (on Thursday).
The Sensex declined 5.32 points to 29565.72 and the Nifty slipped 7.75 points to 8902.75 despite weak global cues.
Tata Motors and Tata Steel falls over a percent while Maruti gained more than 1.5 percent.
The Indian rupee fell marginally in early trade today. The currency has opened at 61.50 a dollar, down 11 paise compared to previous day's closing value of 61.39 a dollar.
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