At 9:30 am, the Sensex was trading 100 points higher, while the Nifty50 was hovering around 11,250 mark.
Major contributors towards the early gains were HDFC Bank, ICICI Bank, Axis Bank, Reliance and ITC who were trading up to 0.8 per cent higher.
Across the broader market, Nifty mid-cap and small-cap indices were outperforming the market and were up 0.5 per cent and 0.38 per cent respectively.
All the sectoral indices were trading in the green barring Nifty PSU Bank and Nifty Media. Nifty Realty was up 0.7 per cent higher, followed by Nifty Bank, Auto and Private bank, up almost 0.4 per cent each.
The rupee on Wednesday opened 10 paise higher at 70.34 against the US dollar.READ MORE
MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.05 per cent with South Korea’s KOSPI slipping 0.1 per cent and Japan’s Nikkei shedding 0.4 per cent.
On Wall Street, indices closed at a one-month-high during the overnight trade on Tuesday, rallying close to a per cent each.
(With inputs from Reuters)