FX.co ★ Sensex, Nifty Marginally Higher In Early Trade

Indian shares edged higher on Wednesday, buoyed by mixed signals from global markets ahead of this week's crucial U.S. inflation readings.

The benchmark S&P BSE Sensex increased by 70 points, standing at 81,991, while the broader NSE Nifty index gained 19 points, reaching 25,060.

Bajaj Auto saw a 2.6 percent surge following favorable analyst upgrades.

Asian Paints and Tata Consumer Products both rose by over 1 percent. Conversely, Tata Motors fell by 4.2 percent, marking its ninth consecutive session of losses.

ONGC declined by 2 percent after oil prices plummeted to nearly three-week lows during the U.S. trading session overnight due to demand concerns.

Dr. Reddy's Laboratories rose 1.2 percent, and Pidilite Industries went up by 1.3 percent after refuting any allegations of conflict in payments to the SEBI chief's husband.

Lemon Tree Hotels advanced by 1.7 percent after announcing a new licensing agreement for its upcoming property on Mira Road, Mumbai.

SpiceJet dipped slightly. The budget airline disclosed that Carlyle Aviation would write off $40.17 million in lease arrears as part of a settlement agreement.

Maruti Suzuki India experienced a marginal increase following its announcement of plans to triple exports within the next six years.