Sensex opens 100 points higher on fresh buying

Mumbai: The Bombay Stock Exchange benchmark Sensex recovered by over 100 points in opening trade on Tuesday after three straight days of losses, in tandem with a firming trend on other Asian bourses.

The 30-share barometer, which lost over 520 points in the previous three sessions, rose by 100.78 points, or 0.56 per cent, to 17,939.83 in opening trade today, with stocks of IT, auto, realty and capital goods companies supporting the recovery.

In a similar fashion, the wide-based National Stock Exchange Nifty index moved up by 30.60 points, or 0.57 per cent, to 5,395.35 points.

Brokers said reports of a firming trend on Japan`s Tokyo Stock Exchange and other Asian bourses following overnight gains in the US market buoyed the sentiment at home, though surging global crude oil prices restricted the gains.

The Tokyo Stock Exchange`s Nikkei rallied by 3.61 per cent, while Hong Kong`s Hang Seng gained 0.28 per cent in morning trade today. The US Dow Jones Industrial Average ended 1.50 per cent higher in yesterday`s trade.