After a tepid start to the day, bulls took over the benchmark indices during the morning trade session on Wednesday and has been trading in same trend in the afternoon session. The shares of Jet Airways (India) continued their three-day gaining streak and rallied up to 9 per cent to Rs 164 apiece on the BSE during early morning trade on Wednesday on the back of heavy volumes being traded on the hopes of the airline's revivial. The share has surged 32 per cent so far in this week.

At 12:15 hours, the SENSEX was trading at 39060.95 up by 91.15 points or by 0.23 per cent and then NSE Nifty was at 11719.95 up by 10.85 points or by 0.09 per cent. The BSE Sensex touched intraday high of 39196.77 and intraday low of 38903.87 The NSE Nifty touched intraday high of 11760.65 and intraday low of 11682.4.

The top gainers of the BSE Sensex were Sun Pharmaceutical Industries Ltd. (Rs. 418.30,+2.35%), Tata Motors Ltd. (Rs. 84.50,+1.68%), ICICI Bank Ltd. (Rs. 406.65,+1.57%), Bajaj Auto Ltd. (Rs. 3024.25,+1.46%), Hero MotoCorp Ltd. (Rs. 2693.00,+1.36%), among others. On the flip side, the top losers of the BSE Sensex were IndusInd Bank Ltd. (Rs. 1407.25,-2.78%), ITC Ltd. (Rs. 297.95,-2.41%), YES Bank Ltd. (Rs. 138.40,-1.84%), Tata Consultancy Services Ltd. (Rs. 2081.30,-1.32%), Hindustan Unilever Ltd. (Rs. 1760.80,-1.27%), among others. Among sectors, BSE Realty index was at 2073.97 up by 16.94 points or by 0.82%. Phoenix Mills Ltd. (Rs. 630.75,+2.34%), DLF Ltd. (Rs. 174.35,+1.84%), Godrej Industries Ltd. (Rs. 853.90,+0.57%), Indiabulls Real Estate Ltd. (Rs. 117.60,+0.56%), Housing Development & Infrastructure Ltd. (Rs. 21.90,+0.46%),. On the other hand, FMCG index was at 11644.28 down by -149.14 points or by -1.26%. G M Breweries Ltd. (Rs. 498.00,-3.27%), United Breweries Ltd. (Rs. 1383.00,-3.13%), ITC Ltd. (Rs. 297.95,-2.41%), Dalmia Bharat Sugar and Industries Ltd. (Rs. 114.50,-2.14%), Triveni Engineering & Industries Ltd. (Rs. 66.55,-2.13%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2360 , shares advanced were 1043 while 1161 shares declined and 156 were unchanged.