The Sensex gained nearly 127 points in opening trade on the Bombay Stock Exchange (BSE) on Monday as investors targeted fundamentally strong stocks available at attractive prices.
The 30-share BSE index rose by 126.87 points to 18,135.02 in early trade today after shedding 441.16 points in the previous session on Friday.
Similarly, the broad-based National Stock Exchange Nifty index also moved up by 35.75 points to 5,431.50 points.
Brokers said the investor sentiment was boosted by fresh buying on the back of firming global trend.
In particular, IT and refinery sectors available at attractive lower levels garnered a lot of investor interest.
Meanwhile, Japan’s Nikkei index rose by 0.69 per cent in early trade today. In the US, the Dow Jones Industrial Average ended 0.25 per cent higher in the last session on Friday.
