Sensex gains 27 points

Mumbai: Making a partial recovery after a two-session decline, the BSE benchmark Sensex rose by over 27 points in range-bound opening trade today on bargain buying by funds despite a weakening trend in overseas markets.

The 30-share Bombay Stock Exchange barometer, which lost over 111 points in the previous two sessions, recovered by 27.26 points, or 0.14 per cent, to 18,534.30 in the first few minutes of trade today as investors accumulated oil and gas, realty, IT and metal stocks at prevailing levels.

Similarly, the broad-based National Stock Exchange Nifty index moved up by 2.70 points, or 0.05 per cent, to 5,569.75.

Brokers said selective buying by funds and investors in stocks available at an attractive levels helped the Sensex open in positive territory.

However, a weakening trend on other Asian bourses, in line with overnight losses in the US market over debt concerns in Europe and the US, forced participants to adopt a cautious approach, they said.

In the Asian region, Hong Kong`s Hang Seng index fell by 0.36 per cent, while Japan`s Nikkei was down 0.71 per cent in morning trade today. In the US, the Dow Jones Industrial Average ended 0.76 per cent lower yesterday.