Equity benchmark indices snapped three-days rally and opened in the red in the morning trade on Wednesday on subdued Asian cues. However, it erased its early losses to trade slightly higher.
Tata Motors surged 2.5% and among the top contributors to the index's gain, followed by GAIL, Cipla and Bajaj Auto. Tata Steel, HUL and Maruti are among the top losers on the Nifty chart.
The Sensex is currently trading flat at 37,633 levels and the Nifty50 rose marginally by 7 points at 11,112 levels.
India VIX is marginally up at 16.03.
On the sectoral front, the Nifty metal index is trading in the negative zone as selling pressure is seen in SAIL, Tata Steel, Jindal Steel and NMDC.
The Indian rupee opened lower at 71.52 against the US dollar on Wednesday.
Shares of Power Grid Corporation of India rose 2% after it has received approval from the board to invest in transmission systems for Solar Energy Zones in Rajasthan.
Meanwhile, Asian stocks traded lower on Wednesday, with firm US futures providing some relief to investors after a fall in US stocks. Chinese and Hong Kong shares fell with the Shanghai Composite off 0.45% and the Hang Seng down 0.18%.
The Nikkei 225 is not trading today.
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