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10:10 a.m.: Metal stocks were witnessing buying interest. The BSE metal index was up 1.85 per cent; Hindalco was the top gainer from this space, up 3.5 per cent to Rs 87.85. Tata Steel, Jindal Steel, NMDC, Vedanta, SW Steel and NSLCO were also up 1-3.2 per cent each.
9:57 a.m.: The stock markets edged higher. The Sensex was up 58 points at 24,941 and Nifty was at 7,623, up 20 points.
9:52 a.m.: Bharat Forge shares slumped nearly 5 per cent on Wednesday after the company's truck orders in North America fell to the lowest since February 2011.
Pune-based Bharat Forge, which derives 20 per cent of its revenue from North America trucks segment, witnessed a 37 per cent year-on-year fall in Class 8 truck orders to 15,800 units.
9:35 a.m.: Selling pressure visible in select energy, PSU banking, IT and service sector stock.
9:30 a.m.: The Sensex rose over 100 points and Nifty edged towards its crucial psychological level of 7,650 but soon pared gains owing to subdued global cues.
As of 9:30 a.m., the Sensex was up 16 points at 24,899 and Nifty was up 3 points at 7,606.
From the Nifty basket of shares, 41 were advancing while 9 were declining.
BHEL was the top Nifty gainer, the stock advanced 1.86 per cent to Rs 115. Hindalco, Tata Motors, Idea Cellular, Mahindra & Mahindra, Lupin, Eicher Motors, Tata Steel, Zee Entertainment and Tata Motors DVR were also among the gainers, up 1-1.7 per cent each.
On the other hand, Bosch, Wipro, BPCL, Cipla, Bharti Infratel, Tech Mahindra and HDFC were among the losers.
The broader markets were trading on a flat note with BSE mid-cap and small-cap indices trading marginally higher.
8:10 a.m.: The Sensex and Nifty are likely to open marginally higher tracking flat trading of Nifty futures on the Singapore Stock Exchange amid subdued global cues.
The Nifty futures traded on Singapore Exchange also known as the SGX Nifty traded 0.28 per cent or 21 points higher at 7,630.
Meanwhile, Asian share prices won some reprieve on Wednesday after a sharp fall in the previous session, but gains were modest as soft economic data from the United States and Europe cast a shadow on the global economic outlook.
China's Shanghai Composite was down 0.20 per cent, Hong Kong's Hang Seng was up 0.03 per cent and Japan's Nikkei advanced 0.28 per cent.
Overnight, Wall Street fell sharply on Tuesday as investors took gains off the table following a recent rally and ahead of an upcoming quarterly reporting season that is expected to reveal sharply lower earnings.
The Dow Jones industrial average dropped 0.75 per cent to end at 17,603.32 and the S&P 500 lost 20.96 points to 2,045.17.
The Nasdaq Composite fell 0.98 per cent to 4,843.93.
Back home, foreign institutional investors sold shares worth Rs 800.79 crore while domestic institutional investors bought shares worth Rs 55.85 crore on Tuesday.
