The Bombay Stock Exchange benchmark Sensex recovered by over 112 points in opening trade on Thursday on fresh buying in metals, banking and oil and gas stocks, driven by a firming trend on other Asian bourses.
The 30-share barometer, which has lost nearly 445 points in the previous three sessions, rose by 112.25 points to 18,198.45 in the first few minutes of trade on Thursday.
In a similar manner, the wide-based National Stock Exchange Nifty index rose by 32 points to 5,452.60.
Brokers said the emergence of buying in heavy-weight stocks by funds as well as retail investors was triggered by a firming trend in other Asian markets following overnight gains in the U.S., which gave a boost to the trading sentiment.
In the Asian region, Hong Kong’s Hang Seng index rose by 0.25 per cent, while Japan’s Nikkei edged higher by 0.51 per cent in morning trade today. The U.S. Dow Jones Industrial Average ended 0.65 per cent higher in Wednesday’s trade.
