Indian shares opened on a strong note on Wednesday, extending Tuesday's closing gains on the back of good start across sectors, particularly financials amid positive cues. Crude prices fell after US president Donald Trump's comments against the OPEC in his speech at the United Nations.

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The BSE Sensex started at 36,936, jumping nearly 285 points, in the opening tick, while the NSE Nifty50 surged to 11,145.55, higher by 78 points. The 30-share BSE Sensex trimmed opening gains to trade at 36,773.82, up 122 points. The 50-share NSE index also traded higher by just 39 points, at 11,106.

Both midcaps also supported the rally with the Nifty MidCap rising 0.65 percent and the BSE MidCap rising nearly 0.6 percent. BSE LargeCap also surged nearly half a percent.

All sectoral indices on the NSE traded positive although IT and FMCG traded weak. Nifty Bank traded higher by nearly 0.35 percent, while related PSU and PVT Bank indices also gained. Pharma surged the most by 1.7 percent.

BSE sectoral indices also largely traded positive, but IT, FMCG, Teck dipped. Telecom was up by half a percent ahead of the cabinet meeting today, while consumer and metal stocks also surged just below a percent.

Among the laggards, Wipro, HCL Technologies, ONGC, ITC, Hindustan Unilever, PowerGrid dipped by up to 2 percent, while Yes Bank, Lupin, Eicher Motors, Bajaj Finance, Hindalco, M&M, Axis Bank, Tata Steel surged by up to 3 percent.

The Indian rupee opened flat against the US dollar on Wednesday at 72.70. The home currency had closed at 72.69 against the greenback on Tuesday.

Asian shares were largely higher. Japan's Nikkei was marginally up by 0.16 percent at 9.47 am IST. Hong Kong's Hang Seng added 445 points, or 1.62 percent, South Korea's Kospi surged nearly 0.7 percent. Shanghai Composite Index also traded higher by 1.27 percent.