IT, pharma and select realty, consumer durables and power stocks trade strongly while the benchmark BSE index Sensex continues to languish in the negative terrain with a sharp loss on account of heavy selling activity in Reliance Industries, Reliance Communications, Bharti Airtel, ACC, Tata Steel, SBI and Grasim Industries.
At 12:28 p.m., the Sensex lost 191.25 points 10,439.87, while the Nifty stood at 3087.30, down 54.80 points.
Tokyo - The Tokyo market ended Wednesday's trading higher as the news of Barack Obama's victory in the US presidential election boosted investor sentiment.
The Nikkei 225 Stock Average soared 406.64 points, or 4.46 per cent, to close at 9,521.24.
The broader Topix index of all first-section issues also rose 56.21 points, or 6.17 per cent, to 966.91.
In morning trading, Japanese stocks rose on Wall Street's overnight rises and the US dollar's advance against the yen. A stronger dollar helps increase Japanese exporters' earnings.