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The S&P BSE Sensex was trading in a narrow range on Wednesday but with a positive bias, led by gains in Infosys, ITC, Bharti Airtel, and Reliance Industries Ltd.

The Nifty50 was trading above its crucial support level of 8,250, supported by gain in IT, consumer durable, power, realty and FMCG stocks. Asian shares eked out cautious gains on Wednesday as concerns about corporate earnings hobbled Wall Street while investors counted down to the European Central Bank's policy meeting later in the week.India's cenbank says repo bids fall to 97.09 bln rupees.Indian banks' refinancing with RBI falls to 16.28 bln rupees.India cenbank says banks' cash balances rise to 3.8 trln rupees.

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