Market sentiment was subdued due to broadly negative global cues along with inflationary risks on the back of higher crude oil prices. The retail inflation data Consumer Price Index is scheduled later in the day.
Further the rupee continued to slide on Wednesday and touched a fresh low of 72.91 during the morning session which eroded the domestic investor sentiment.
The market however was supported by value buying after the indices had dropped significantly in the last two trading sessions.
At 1.15 p.m. the wider Nifty50 on the National Stock Exchange traded at 11 289.65 points higher by 2.15 points or 0.02 per cent from its previous close.
The S&P BSE Sensex which had opened at 37 546.42 points traded at 37 459.33 points higher by 46.20 points or 0.12 per cent than the previous close of 37 413.13 points.
So far it has touched an intra-day high of 37 638.16 points and a low of 37 342 points.
--IANS ravi-rrb/mr
