The Bombay Stock Exchange benchmark Sensex recovered by over 60 points in opening trade today on emergence of buying in fundamentally strong shares at attractive low levels.
However, market participants kept their commitments restricted ahead of the RBI’s monetary policy review this week.
The 30-share barometer, which has lost 466 points in the previous five sessions, recovered by 60.73 points, or 0.32 per cent, to 19,196.69 points in the first five minutes of trading.
Similarly, the wide-based National Stock Exchange Nifty index also moved up by 8.85 points, or 0.15 per cent, to 5,758.35.
Brokers said the emergence of buying by funds and investors, taking positive cues from other Asian markets in line with gains in the U.S. market, mainly influenced the trading sentiment.
In the Asian region, Japan’s Nikkei index rose by 1.16 per cent in morning trade today. The U.S. Dow Jones Industrial Average ended 0.37 per cent higher in the previous session.