Share Markets on Wednesday: Asian shares crept marginally higher today.Domestic stock markets opened on a flat note on Wednesday, tracking mixed global cues.
The SP BSE Sensex slipped31.53 points or 0.08 per cent to trade at 38,865.10.
The broader Nifty50 tripped 0.35 points or 0.00 per cent to trade at 11,738.15.
Asian shares crept marginally higher today as optimism over the US-Mexico trade deal was quickly clouded by caution ahead of a looming deadline on tariffs with China.
A flat finish on Wall Street and a dearth of major economic data across the region made for thin trade and MSCI's broadest index of Asia-Pacific shares outside Japan eked out a rise of 0.26 per cent.Fourteen out of 30 Sensex stocks were trading in redin opening trade.
Major losers in the 30-share Sensex pack in the session were ICICI Bank, Axis Bank, Power Grid, Adani Ports.
ICICI Bank, Reliance and HDFC Bank were among main contributors to the losses in Sensex.
GAIL, YES Bank, Hindustan Petroleum, Cipla and Dr Reddy's were the main laggards on NSE.On the other hand, main gainers on Sensex pack in the morning session were Vedanta, Mahindra Mahindra, Bharti Airtel, ONGC, Induslnd Bank and Infosys.
Hindalco, Reliance, Adani Ports, Vedanta and Maruti led the pack of Nifty gainers.In global commodity markets, spot gold was hovering around $1,203.81 after running into profit-taking at $1,214.28, its highest level since August 10.
Oil prices dithered either side of flat as falling supplies from Iran ahead of United States sanctions balanced rising production outside the Organization of the Petroleum Exporting Countries.Meanwhile, stock markets extended their gains to a second straight session to register new all-time closing highs on Tuesday.
BSE benchmark index Sensex closed at 38,896 while the NSE Nifty settled at 11,738.
(With agencies inputs)