All the sectoral indices are trading in green. Metal and pharma outperform with over 1 percent gain.

Benchmark indices erases all morning gains and trading flat with Nifty hovering around 11,300 mark.

The Sensex is up 7.02 points at 37,297.69, while Nifty is up 2.60 points at 11,281.50. About 867 shares have advanced, 803 shares declined, and 92 shares are unchanged.

Maruti Suzuki, HDFC, SBI, Wipro and Power Grid Corp are the top losers on the Sensex.

Shares of Sun Pharmaceutical Industries added more than 2 percent in the early trade on Wednesday after company received European Commission (EC) approval for Ilumetri.

Almirall has received the European Commission (EC) approval for Ilumetri (tildrakizumab) for the treatment of adults with moderate-to-severe chronic plaque psoriasis who are candidates for systemic therapy, company said in release.

Shares of Titan Company opened more than 3 percent lower as brokerages downgraded the ratings of the scrip.

CLSA said the company has better fundamentals but uncertainty will weigh on the stock. The brokerage house downgraded the rating from Outperform to Sell.

It is a positive start on the Dalal Steet with Nifty trading above 11,300.

The Sensex is up 94.73 points at 37,385.40, while Nifty is up 35 points at 11313.90. About 669 shares have advanced, 266 shares declined, and 41 shares are unchanged. 

Coal India, Tata Steel, Yes Bank, Tata Motors, Eicher Motors, Dr Reddy's Lab are trading higher, while HDFC Bank, HDFC are trading lower. Midcap has outperform with a 0.5 percent gain

All the sectoral indices are trading in green with metal and pharma up over 1 percent.

Govt Benchmark Bond Yield opens at 8.12 percent against the previous close of 8.14 percent.

The Indian rupee opened higher by 27 paise at 72.71 per dollar on Wednesday versus previous close 72.98.

On Tuesday, the rupee closed at record low at 72.98 per dollar on the back of higher crude prices. It fell 47 paise in yesterday trading session.

Rupee fell more than 1 percent in last 2 days.

Positive start on the Dalal Street with Sensex gain over 100 points, while Nifty is trading above 11,300 mark.

At 09:02 hrs IST, the Sensex is up 120.45 points or 0.32% at 37411.12, and the Nifty up 32.70 points or 0.29% at 11311.60.

Titan trading lower after CLSA downgrades the stocks, IndusInd Bank, Yes Bank are other major losers in the pre-opening trade.

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