According to pivot charts, the key support levels for the Nifty are placed at 14,622.8, followed by 14,549.1.
The Nifty futures were trading around 14,666 level on the Singaporean Exchange, down 30 points from May 12 closing of 14,696.50.
Measured by the Index of Industrial Production , data for which was released by the Centre on May 12, industrial output had been contracting since January.
India-focused offshore funds and exchange-traded funds witnessed a net outflow of $376 million in three months ended March 2021, making it the twelfth consecutive quarter of withdrawal, according to a Morningstar report released on Wednesday.
BHEL, Cadila Healthcare, Canara Bank, Punjab National Bank and Sun TV Network are under the F&O ban for May 14.