Sensex opens up; IT, auto bounce back

MUMBAI: Markets in India were trading higher Thursday, as traders bought stocks at lower levels after the previous day’s steep fall and eyeing positive trend in Asian peers.

Leading the rebound were IT, auto, consumer durables while realty , power , capital goods and FMCG continued to languish.

At 9:26 am, Nifty was at 5871.40, up 5.65 points or 0.10 per cent. The National Stock Exchange benchmark opened the day at 5883.95 against Wednesday’s close of 5865.75. The 50-share index saw a high of 5900.15 versus a low of 5870.55.

Sensex traded at 19,534.67, gaining 74.82 points or 0.38 per cent. The Bombay Stock Exchange sensitive index opened at 19,560.25 versus the previous close of 19,459.85. The 30-share index moved between 19,600.88 and 19,528.52 in the early minutes.

“Today, we expect the Indian markets to open flat and make an attempt to rise in the early part of the session. Later it could take cues from the European markets. Among the sectoral indices, Auto stocks could do well while IT, Metals and Oil & Gas could underperform,” said HDFC Securities in its morning note.