Mumbai: Equity benchmark indices extended gains in early trading on Wednesday following positive global cues, but investors continued to closely monitor the tension between India and Pakistan.
At 11:15 am, the BSE S&P Sensex was up nearly 346 points to 36,324 while the NSE Nifty inched up 97.5 points at 10,933 level.
Sun Pharma, Yes Bank, Bajaj Auto, JSW Steel, and Axis Bank traded higher but Wipro, TCS, Infratel, GAIL, and HCL Tech were in the negative territory.
The most active stocks were Yes Bank, Axis Bank, Reliance Industries, Tata Consultancy Services, and Maruti.
Meanwhile, Asian markets were mostly in the green as investors waited to see if the United States and China can clinch a trade deal on tariffs. Investors were also keeping an eye on the US-North Korean summit which begins in Hanoi later on Wednesday.
On Tuesday, US Federal Reserve Chairman Jerome Powell reinforced the US central bank’s shift to a more ‘patient’ approach on policy in the face of a slowing economy.