Sensex opens 83 points higher

Mumbai: Snapping a three-session losing streak, the Bombay Stock Exchange benchmark Sensex recovered by almost 83 points in opening trade today on the back of selective buying by funds as well as retail investors amid a firming trend on other Asian bourses.

The 30-share barometer, which has lost over 111 points in the previous three sessions, rose by 82.97 points, or 0.42 per cent, to 19,674.15 today.

The wide-based National Stock Exchange index Nifty also moved up by 21.70 points, or 0.30 per cent, to 5,907.40.

Brokers said the emergence of buying by funds and investors, taking positive cues from other Asian markets, mainly influenced the trading sentiment here.

Buying was confined to the realty, banking, FMCG and capital goods sectors, they added.

Meanwhile, in the Asian region, Hong Kong`s Hang Seng index was up by 0.50 per cent and Japan`s Nekkei by 0.91 per cent in morning trade today, while the US Dow Jones Industrial Average ended 0.14 per cent lower in the previous session.