After a day off on Tuesday on account of Mahashivratri, key indices on Wednesday opened in green tracking global cues. 

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The benchmark BSE Sensex was opened in green, 113.12 points up at 34,411.23 while Nifty was 34.80 points up to trade at 10,574.75. 

On Monday, the markets were recovered from their biggest fall since August. The benchamrk BSE Sensex traded higher by 322.79 points, or 0.95%, to 34,328.55, while the Nifty 50 rose 97.05 points, or 0.93%, to 10,552.

Shares of Rinfra were remainin spotlight today as Competition Commission of India has given its approval for the proposed 100% sale of Reliance Infrastructure’s (RInfra) integrated Mumbai power business to Adani Transmission Limited.

In December, both the companies had announced signing of RInfra and ATL definitive binding agreement for 100% stake sale of Mumbai’s integrated business of generation, transmission and distribution of power at a total consideration value estimated at Rs 18,800 crore.

The total deal value is Rs 13,251 crore. In addition, regulatory assets under approval estimated at Rs 5,000 crore and net working capital on closing estimated at Rs 550 crore will flow directly to RInfra.

Bank of Baroda would also be in focus as it has decided to shutdown its operations within months of the South African Reserve Bank imposing a fine of 11million rand on it for lapses in compliance. 

Meanwhile, Asian share markets turned mixed on Wednesday as investor nerves were strained ahead of a U.S. inflation report that could soothe, or inflame, fears of faster rate hikes globally.

Japanese demand for yen also saw the dollar break last year's low and skid to a 15-month trough at 107.01, dragging the U.S. currency down broadly.

That in turn pressured Japan's Nikkei which slipped 0.6 per cent to test four-month lows. Dealers said there was a lot of focus on the 200-day moving average at 21,031 as a break there would ring bearish alarm bells.

Other Asian markets were steadier, as were E-Minis for the S&P 500. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.4 per cent.