The Bombay Stock Exchange benchmark Sensex gained nearly 142 points in opening trade on Wednesday on the emergence of buying by funds, driven by a firming trend on other Asian bourses.
The 30-share index of the Bombay Stock Exchange, which has lost over 665 points in the previous three sessions, recovered by 141.86 points, or 0.77 per cent, to 18,553.48 in opening trade, with select blue—chips leading the recovery.
Echoing the sentiment, the wide-based National Stock Exchange Nifty index edged up by 43.90 points, or 0.79 per cent, to 5,570.05.
Brokers attributed the early recovery in stocks to fresh buying by funds and retail investors, driven by a firming trend on other Asian bourses.
In the Asian region, Japan’s Nikkei index was trading 0.01 per cent higher, while Hong Kong’s Hang Seng Index rose by 0.36 per cent in early trade today. However, the US Dow Jones Industrial Averaged ended 0.47 per cent lower in yesterday’s trade on deepening global concerns over the eurozone debt crisis.
