Mumbai: The Bombay Stock Exchange benchmark Sensex gained over 88 points in opening trade on Wednesday amid a firming trend on other Asian bourses and selective buying by funds and retail investors.

The 30-share barometer, which has lost 56.88 points over the past two sessions, recovered by 88.28 points, or 0.45 per cent, to 19,633.63 in the first few minutes of trade on Wednesday.

Stocks of power, consumer durables, capital goods, realty, refinery, metals and banking firms led the recovery.

In a similar manner, the wide-based National Stock Exchange Nifty index rose by 23.95 points, or 0.40 per cent, to 5,892.35 points.

Brokers said selective buying by funds and retail investors in stocks having strong fundamentals and a firming trend on other Asian bourses mainly buoyed the trading sentiment here.

In the Asian region, Hong Kong's Hang Seng index rose by 0.40 per cent, while Japan's Nikkei gained 1.31 per cent in morning trade today. The US Dow Jones Industrial Average ended 0.93 per cent higher in the previous session on Tuesday.

 

(Agencies)