Mumbai: The markets opened in green on Wednesday with modest gains in line with its Asian peers. At 0956 hours, Sensex was up 41 points at 14158 and Nifty was up 2.45 points at 4198. The Sensex recovered solely on selective buying by funds and retail investors.
The 30-share sensitive index which had lost over 37 points on Tuesday, recovered by 50.79 points at 14,528.98 in the first five minutes of trading on funds buying in select heavyweight stocks. In similar fashion, the National Stock Exchange index Nifty was up by 9.80 points at 4,205.70.
Tata Steel stocks were up by Rs 1.60 at Rs 466.50 as buying interest continued to pick up at the current lower levels. Other gainers were Reliance Energy, BHEL, ACC, HDFC Bank, ICICI Bank, Grasim Industries, Satyam Computers, MTNL and ITC Ltd.
Asian Markets:
Asian stocks were lower in Wednesday. Japan's Nikkei plunged 0.97 per cent or 168.18 points at 17,238.68, Hong Kong's Hang Seng was down 0.07 per cent or 15.03 points at 20,640.17, Taiwan's Taiwan Weighted fell 0.23 per cent or 18.09 points at 7,857.66, South Korea's Seoul Composite tumbled 0.39 per cent or 5.53 points at 1,423.05. However, Singapore's Straits Times rose 0.35 per cent or 11.28 points at 3,234.53.
US Market:
The Dow Jones rose 4.57 points, or 0.04 per cent on Tuesday, to 12,666.31.
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