Markets slip after positive opening, ICICI Bank loses

Indian markets on Wednesday opened in the green with Vedanta and Reliance being the top gainers.

The BSE Sensex opened at 33,970 points while, the NSE Nifty was trading at 10,428 points.

However, the Nifty Bank showed negative signals at 25,198 points with ICICI and HDFC being the biggest losers on opening.

On global front, US stocks jumped Tuesday after Chinese President Xi Jinping said Beijing would reduce tariffs on imported cars and improve intellectual property protection, steps that could ease trade tensions. Facebook climbed as CEO Mark Zuckerberg testified before the Senate about the company's privacy scandal.

Xi's proposals could help the U.S. and China resolve their differences and avert a trade dispute that slows down global commerce. The dialing back of tensions helped send the price of crude oil up 3.3 percent.