BENGALURU, Nov 8 Reuters Indian shares rose on Wednesday, led by energy stocks, as crude prices fell, while a drop in high weightage financials after a recent rise capped gains.

The NSE Nifty 50 index was up 0.23 at 19,451.10 as of 1007 a.m. IST, while the SP BSE Sensex rose 0.14 to 65,027.13.

Moderation in U.S. bond yields, positive earnings and a drop in crude oil prices are positive for the markets, said analysts at Centrum Institutional Research.

Ten of the 13 major sectors rose, with energy and oil gas rising 0.5 and 1, respectively.

Bharat Petroleum Corporation rose 3 and was the top Nifty 50 gainer..

High weightage financials lost 0.2 after logging gains in each of the last four sessions, adding over 2.

ICICI Bank, SBI Life Insurance, Bajaj Finance, Kotak Mahindra Bank were among the top Nifty 50 losers, shedding between 0.3 and 0.8.

Small and midcaps outperformed the bluechips, gaining over 0.75 each.

Wall Street equities rose overnight, while U.S. Treasury yields fell after comments by several Fed officials hinted that the central bank may be close to the end of the rate hiking cycle.

The SP 500 and Nasdaq Composite stock indexes posted their longest winning streak in two years. Asian markets were flat.

Investors await comments from Fed Chair Powell on Wednesday, for cues into the central bank39;s rate outlook.

Brent crude futures hovered around threemonth low, weighed down by concerns over waning demand in China and the U.S.

Among individual stocks,…