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Benchmark indices were trading in the positive territory in early trade on Wednesday amid fresh foreign fund inflows and buying in HDFC and HDFC Bank.
The 30-share BSE Sensex advanced 218.68 points to 57,832.40 in initial trade. At 11.30 am, the Sensex was trading up by 46.60 point at 57,660.32. Similarly, the broader NSE Nifty which climbed 71.5 points to 17,023.20, was quoted later at 16,990.80, up 39.10 points.
Major gainers, losers
Among the Sensex firms, Mahindra & Mahindra, Hindustan Unilever, HCL Technologies, Tata Motors, Bajaj Finserv, Bajaj Finance, HDFC Bank and HDFC were the major gainers.
IndusInd Bank, Reliance Industries, Tata Steel and Axis Bank were the laggards.
Global markets
In Asian markets, Japan and Hong Kong were trading in the green while Seoul and Shanghai quoted lower.
The US markets ended lower on Tuesday.
"In the absence of near-term cues, the market is likely to remain range-bound for some days before taking a new direction. Cues from the mother market US on inflation, the Fed response and the banking crisis related news will weigh on markets in the near-term," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
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Meanwhile, global oil benchmark Brent crude advanced 0.19 per cent to $78.80 per barrel.
Foreign Portfolio Investors (FPIs) turned buyers on Tuesday as they bought equities worth ₹1,531.13 crore, according to exchange data.
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