Stock market highlights: The\u00a0Sensex\u00a0and Nifty pared losses in the afternoon trade on Wednesday, receding from all-time high levels. The Sensex closed 180 points down at 38,877.12, while the Nifty closed below the 11,650-mark. Intra-day, Sensex surged to a fresh record high of 39,270.14, while the Nifty moved to all-time high of 11,761. Maruti Suzuki, HCL Tech emerged as the biggest gainers in the Sensex, gaining up to 3%. SBI, Bharti Airtel shares were among the biggest losers. Asian shares rose to fresh seven-month highs on Wednesday as global investors took heart from signs of progress in U.S.-China trade talks and brisk economic data, while oil approached the key $70 per barrel mark, Reuters reported.\u00a0We bring to you live updates.