Mumbai: Ignoring a weak trend on Asian bourses, the Bombay Stock Exchange benchmark Sensex rose by almost 118 points in opening trade on Tuesday on selective buying by funds and retail investors.

The 30-share BSE index, which lost 188.48 points in Monday's session, recovered by 117.90 points, or 0.70 percent, to 16,863.25 in the first few minutes of trade on Tuesday.

Likewise, the wide-based National Stock Exchange Nifty Index was also up by 20.10 points, or 0.40 percent, at 5,052.05.

All the sectoral indices, led by IT and consumer durables, were trading in the positive zone, with gains of up to 1.25 percent.

According to brokers apart from fresh buying by funds and retail investors, covering up of short positions by speculators helped the Sensex to trade in positive terrain, but a weak trend on the other Asian bourses amid worries over the European debt crisis after a major ratings agency downgraded Italy's sovereign debt rating capped the gains.

In the Asian region, Hong Kong's Hang Seng Index was down by 0.10 percent, while Japan's Nikkei Index shed 1.41 percent in morning trade on Tuesday. The US Dow Jones Industrial Average closed 0.94 percent lower on Monday.

(Agencies)