Stocks hovered in positive zone in afternoon trade. At 13:25 IST, the barometer index, the S&P BSE Sensex, was up 147.52 points or 0.38% at 39,204.17. The Nifty 50 index was up 30.05 points or 0.26% at 11,743.25
The sentiment continued to be upbeat amid positive Asian cues. Indices opened higher and hit fresh intraday high in morning trade. Benchmarks pared gains in mid-morning trade and turned range bound in early afternoon trade.
Among secondary barometers, the BSE Mid-Cap index was up 0.26%. The BSE Small-Cap index was up 0.16%.
The market breadth, indicating the overall health of the market, was negative. On BSE, 1187 shares rose and 1209 shares fell. A total of 153 shares were unchanged.
Maruti Suzuki India (up 2.37%), Tata Steel (up 2.24%), HCL Technologies (up 1.98%), IndusInd Bank (up 1.6%) and HDFC (up 1.53%) edged higher from the Sensex pack.
L&T (down 1.47%), Bharti Airtel (down 1.19%) and Sun Pharmaceutical Industries (down 0.55%) edged lower from the Sensex pack.
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Infosys was down 0.15%. EdgeVerve Systems, a subsidiary of Infosys, has been selected by Al Ahli Bank of Kuwait to automate the bank's operational processes using the AssistEdge RPA platform. Ahli United Bank is one of the pioneering banks in Kuwait to innovate its banking operations using RPA. The announcement was made after market hours yesterday, 2 April 2019.
Overseas, Asian shares traded higher on Wednesday following a report that said the US and China are closer to reaching a trade agreement.
The US and China are set to resume trade negotiations in Washington on Wednesday, following last week's talks in Beijing. Ahead of the meeting, White House economic adviser Larry Kudlow said the two countries "expect to make more headway" in this week's talks. Both economic powerhouses are closer to reaching a deal, according to media reports.
In US, the S&P 500 and Nasdaq Composite closed with small gains on Tuesday, while the Dow Jones Industrial Average ended in the red.
In economic reports, a report on long-lasting factory goods, or durable goods, in February showed a 1.6% decline, the Commerce Department said.
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