Foreign capital inflows boosted the Sensex and Nifty indices on Wednesday, boosting their opening prices.

Even yet, the gains were short-lived, as most Asian markets fell in line with overnight declines in US equities. Investor mood was also affected by rising crude oil prices.

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The 30-share Sensex was up 64.24 points, or 0.11 percent, at 58,311.33 as of Wednesday. Similarly, the Nifty gained 22.05 points, or 0.13 percent, to 17,402.05 in early trades.

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Titan led the Sensex pack with a 0.93 percent increase, followed by Bajaj Auto, L&T, M&M, Infosys, Nestle India, Reliance Industries, and Bharti Airtel.

IndusInd Bank, Axis Bank, the HDFC twins, HCL Tech, and Tata Steel, on the other hand, were among the losers.

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The Sensex closed the previous session 69.33 points, or 0.12 percent higher, at 58,247.09. The wider NSE Nifty rose 24.70 points, or 0.14 percent, to a new closing high of 17,380.

In other Asian markets, stockmarkets in Tokyo, Shanghai, and Hong Kong were trading down in mid-session transactions, while Seoul was up.

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The overnight session in US stocks concluded with a loss. Profit booking has occurred in US markets following a one-day retreat, as the undertone remains negative, with selling developing on all rallies. Inflation falls short of forecasts, causing bond rates to rise to 1.28 percent; nevertheless, lower yields put pressure on banks and financials. Dow Jones closes around 2-month lows, as the Nasdaq declines for the sixth day in a row.

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According to provisional exchange statistics, foreign institutional investors (FIIs) were net purchasers in the capital market on Tuesday, purchasing shares worth Rs 1,649.60 crore.

Meanwhile, Brent crude, the international oil standard, climbed 0.38 percent to USD 73.88 per barrel.

Rupee inches 1 paisa higher at 73.67 against US dollar in early trade.