Meanwhile, shares of state-run oil refiners tumbled and were the top percentage losers on the NSE index as oil prices remain close to late 2014-highs on the back of declining USA crude inventories, while top exporter Saudi Arabia pushed for higher prices.
In the broader market, the BSE Midcap and BSE Smallcap indices gained 0.3 per cent. Market breadth, indicating the overall health of the market, turned positive.
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.15 per cent, while E-Mini futures for the S&P 500 edged up 0.1 per cent. France's CAC and Britain's FTSE were up 0.2 percent each while Germany's DAX fell 0.1 percent at the time of writing this article.
Trump Supports US Pastor Jailed In Turkey
Thom Tillis, a Republican, and Sam Brownback , the ambassador for global religious freedom, attended Monday's hearing. Brunson reacted emotionally as the ruling was read out, telling his wife Norine in English: "I am going insane ".
However, stocks of oil marketing companies such as HPCL, BPCL and International Olympic Committee faced selling pressure in view of rising global oil prices. Brent crude oil was trading almost $74 per barrel.
Consumer staples stocks such as Dabur India Ltd rose as much as 2.8 percent to hit a near 11-week high, while Hindustan Unilever Ltd hit an all-time high.
"Markets will be range-bound with stock specific moves taking place based on earnings".
Elon Musk Says Tesla Batteries Weren't Affected by Puerto Rico Blackout
The tropical isle of 3.4 million locals was actually open for business enterprise once again, state authorities claimed. More than 41,000 customers have not had their power restored seven months after the Hurricane Maria.
TCS gained 1 percent while IndusInd Bank slid half a percent ahead of their Q4 earnings due today.
Larsen & Toubro, GAIL, HCL Technologies, Bharti Airtel and Yes Bank rose 2-3 percent.
Gainers that supported the upmove were ONGC, Tata Steel, Adani Ports, ITC, Dr Reddy's, Asian Paints, L&T, Yes Bank and Reliance Industries, rising up to 2.15 per cent. It had gained 420.30 points, or 4.15 per cent in the past nine sessions.
China Slaps 179 Percent Import Charge On US Sorghum
But on Tuesday China's Commerce Ministry ordered importers of U.S. sorghum to post bonds to pay possible anti-dumping duties. In China, sorghum is used in animal feed and also in the production of a popular type of Chinese liquor. "It's very high.