Sensex gains 63 points

Mumbai: The BSE benchmark Sensex rose by over 63 points in opening trade today on bargain buying by funds and retail investors, triggered by a firming trend on other Asian bourses.

The Sensex, which has lost nearly 575 points during the past three sessions, rose by 63.60 points, or 0.36 per cent, to 17,526.64 points today. Auto, FMCG, capital goods and oil and gas sector stocks led the recovery.

Similarly, the broad-based National Stock Exchange Nifty index moved up by 22.30 points to 5,248.10 points.

Marketmen said bargain buying at selective counters by funds and retail investors at attractive levels and gains in other Asian markets helped the domestic equity market to stage a moderate comeback.

However, fears of disappointing industrial output data for the month of December, to be released later today, kept participants cautious.

In the Asian region, Hong Kong`s Hang Seng was up by 0.43 per cent in early trade today, while Japan`s Nikkei was closed for a public holiday.

The US Dow Jones Industrial average ended 0. 09 per cent lower in yesterday`s trade.