Indian shares advanced higher on Wednesday with the Sensex rising over 200 points and Nifty 50 reclaiming 11,000 for the first time since October 1, 2018. Sentiment improved largely on positive global cues and expectations that the Reserve Bank of India (RBI) may adopt a more benign stance in its monetary policy decision

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on Thursday. The Street expects RBI to adopt a 'neutral' stance from the current 'calibrated tightening.'

At 9.51 am, the BSE Sensex rose 257 points to 36,874, while the Nifty 50 was holding 11,000 mark, up by 68 points, or 0.62 percent, to trade at 11,002.

The Nifty MidCap lagged behind and was up 0.17 percent. Nifty Media was leading the 36 advancing sectors, while BSE Telecom declined more than half a percent and being the worst among the seven falling sectors on the NSE.

Among shares, Tech Mahindra surged over 4 percent after reporting strong third quarter numbers. The country's fifth largest software exporter reported a 27.5 percent jump in its December quarter net at Rs 1,203 crore on Tuesday, driven by automation measures which widened the profit margins.

ZEEL, HPCL, Indiabulls Housing Finance and Yes Bank surged between a percent and 2.5 percent.

NTPC, Bharti Airtel, IndusInd Bank, Dr Reddy's Labs and Adani Ports, declined between half a percent and 2 percent.

In the currency market, the rupee opened nearly unchanged at 71.55 against the US dollar on Wednesday. The home currency had closed at 71.56 against the greenback on Tuesday.

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