Market shows signs of recovery as it approached towards the second half of the trading hours.

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The BSE Sensex was trading at 33,800 range and the NSE Nifty at 10,300 levels.

The Nifty slipped from its 10,400 range, which it attained in the previous session. The Nifty Bank remains in the red with ICICI and HDFC banks being among the top index losers.

The IT stocks recovered in intraday trading as the rupee experienced a sharp low of 64.99 against the US dollar.

The Indian markets opened with positive signals with Vedanta and Reliance being the top gainers. The BSE Sensex opened at 33,970 points while the NSE Nifty was trading at 10,428 points.

On the global front, the Asian markets which were earlier making gains have seen a slip in intraday trade with Korea's Kospi and Japan's Nikkei seeing a dip of more than 0.20%.

The US stocks jumped Tuesday after Chinese President Xi Jinping said Beijing would reduce tariffs on imported cars and improve intellectual property protection, steps that could ease trade tensions. Facebook climbed as CEO Mark Zuckerberg testified before the Senate about the company's privacy scandal.

Xi's proposals could help the US and China resolve their differences and avert a trade dispute that slows down global commerce. The dialing back of tensions helped send the price of crude oil up 3.3%.

First Published:Apr 11, 2018 12:38 PM IST