Indian shares consolidated gains in the afternoon trade on Wednesday, led by software makers such as HCL Technologies and Infosys but caution remained ahead of key March-quarter earnings later in the day.

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At 01:00 PM, the BSE Sensex was up 91.65 points or 0.24 percent at 38,656.53, and the Nifty 50 gained 28.60 points or 0.25 points to 11,604.55.

Most sectoral indices traded higher led by IT, which was up over 0.75 percent followed by media, and realty indices. Auto, FMCG and metals indexes were in the negative territory.

The key gainers included ONGC, Bharti Airtel, Asian Paints, Infosys and Reliance Industries, whereas Tata Motors, Hero MotoCorp, Vedanta, Maruti Suzuki and Lupin were among the laggards.

Indiabulls Real Estate shares surged over 13 percent after the company said that it will sell its London property to promoters for approximately Rs 1,800 crore.

Shares of UltraTech Cement slipped 1.57 percent while Bharti Infratel rose 1.36 percent ahead of its fourth-quarter earnings due later in the day.

ACC shares lost as much as 5 percent after the cement maker reported lower-than-expected March-quarter realisations and higher costs.

In Asia, shares were mostly flat as caution prevailed ahead of the US-China trade talks in Beijing next week.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.10 percent lower at 2,172.24.

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First Published:Apr 24, 2019 1:27 PM IST