Mumbai: Snapping its two-session losing streak, the Bombay Stock Exchange benchmark Sensex rose by nearly 76 points in opening trade on Thursday on selective buying by funds and retail investors amid firm cues from Asian markets.
The 30-share barometer, which lost 87 points in the previous two sessions, recovered by 75.91 points, or 0.41 per cent, to 18,802.88 as investors targeted oil and gas, realty, IT and FMCG sector stocks.
Similarly, the broad-based National Stock Exchange Nifty index moved up by 18.75 points, or 0.33 per cent, to 5,644.20.
Brokers said selective buying by funds and investors, driven by a firming trend on other Asian markets following overnight gains in the US, mainly led to the recovery on the domestic bourses.
However, market participants were cautious ahead of the release of food inflation data later today, they said.
In the Asian region, Hong Kong's Hang Seng index rose by 0.65 per cent. In the US, the Dow Jones Industrial Average ended 0.45 per cent higher on Wednesday.
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