Mumbai: Sensex opened 76 points higher in the opening trade on Monday after emergence of buying in fundamentally strong shares at lower levels.

The Bombay Stock Exchange (BSE) benchmark, which lost 295 points in the past two sessions, suddenly rose by 76.06 points, or 0.41 per cent, to 18,250.15 in the first few minutes of trade.

In a similar fashion, the wide-based National Stock Exchange Nifty index rose by 22.85 points, or 0.41 per cent, to 5,468.30.

Brokers said investors indulged in buying select stocks available at cheaper rates after the market closed lower last week.