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.

Indian equities lost their strength and fell into the depressing zone because of heavy profit booking.

IT, consumer durables, realty stocks gained ground, whereas oil & gas and banking stocks went down.

BSE Midcap and Smallcap index surged 0.20% and 0.61% respectively.

The 30-share index BSE Sensex, today, opened with a gain of 300.05 points at 10,931.17.

In the previous day (Tuesday, Nov 4) session, the Sensex closed the day after gaining 293.44 points, while the NSE Nifty zoomed 98.25 points.

Tokyo - The Tokyo stock market ended Wednesday morning's session higher on Wall Street's overnight gains and the US dollar's strength against the yen.

The Nikkei 225 Stock Average rose 257.07 points, or 2.82 per cent, to 9,371.67.

The broader Topix index of all first-section issues was also up 41.18 points, or 4.52 per cent, at 951.88.

Sydney - Wall Street gave Australian investors their lead at the opening bell Wednesday, propelling the market to an immediate 1.8-per-cent gain.

The ASX 200 added 80 points, or 1.8 per cent, to 4,295 in early trading.

But the rise didn't totally reflect the 3-per-cent gains in the US because of fears that Tuesday's larger-than-expected interest rate cut of 75 basis points signalled a gloomier-than-expected view of economic prospects from the Reserve Bank of Australia.