Domestic equity market was trading firm after opening positive after five sessions amid mixed global cues.  Asian market returned to trading in the green, while oil prices too took breather after hitting 7-year high as it became clear the first wave of U.S. and European sanctions on Russia would not disrupt oil supply.  

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Benchmarks Nifty50 and the Sensex were both trading more than half a per cent higher gaining support from realty and PSU Bank stocks. After briefly breaching 17,200, the Nifty was trading with the gain of 103.20 points or higher by 0.6% to 17,195.40 at 11.40 am. The Sensex too traded nearly 350 points higher to 57,645.03 around the same time.  

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In the broader market, Nifty midcap and smallcap indices gained nearly 1.5% and over 2% respectively on Wednesday.  

Sectorally, realty, PSU Bank, media and consumer durables saw buying interest the most as the indices surged up to 3.5% around 11.30 am. The 12-share Nifty Bank surged by more than 300 points or nearly 1 per cent to trade above 37,700 as all sectoral indices turned green in the late morning trade.  

Kotak Bank, Titan, Maruti, Asian Paints, Tata Consumers, Bajaj Finance, IndusInd Bank, State Bank, Dr Reddy's and ITC were among top gainers as 41 shares advanced on Nifty 50 and 26 traded in the green on the 30-share Sensex.  

ONGC, Hero MotoCorp, JSW Steel, Hindustan Unilver, NTPC, Nestle India and L&T declined on the two indices.