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 percent, 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 percent, 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 here.

However, market participants were cautious ahead of the release of food inflation data later on Thursday, they said.

In the Asian region, Hong Kong's Hang Seng index rose by 0.65 percent. In the US, the Dow Jones Industrial Average ended 0.45 percent higher on Wednesday.

(Agencies)