The Sensex was trading higher by 90 points, while the Nifty gained 23 points. Among the gainers in trade today were high beta stocks including those from metals, infrastructure and realty.
The top Nifty gainers included Sesa Goa, Tata Steel, Jaiprakash Associates, Hindalco and Larsen and Toubro.
Banking stocks and financials also saw buying interest with HDFC Bank, ICICI Bank, IDFC and HDFC amongst the gainers.
The top losers from amongst the Nifty stocks were Bharti Airtel, Infosys, Tata Power, Wipro, Lupin. Reliance Industries which surged on Tuesday was trading marginally lower.
Diversified conglomerate ITC was marginally up in trade while FMCG major Hindustan Unilever also gained ground.
Markets are likely to remain volatile and take cues from the FDI debate in parliament, which should see the FEMA ammendments being pushed through.