New Delhi: The markets open in green on Tuesday shrugging off the big fall on Monday.
The markets on Monday witnessed the biggest fall in the benchmark index this year on the back of concern over rising rupee and slowdown in US economy.
After remaining in the negative zone for three straight sessions, the BSE benchmark Sensex, has rose by more than 43 points on emergence of buying by funds as well as retail investors.
At 0956 hrs IST, Sensex was up 43 points at 13696 and Nifty was up 10 points at 3944.
Meanwhile, stocks of Cairn India Ltd today listed at Rs 140 on the BSE, below its offer price of Rs 160.
The major gainers in the opening move were Ranbaxy, ONGC, Guj Ambuja, ACC, BHEL, Maruti, HDFC Bank, Rel Comm, Tata Steel and Infosys. However, TCS, MTNL were under pressure.
Asian markets were also trading higher.
Japan's Nikkei gained 0.69 per cent or 118.54 points at 17,210.13, Taiwan's Taiwan Weighted advanced 1.03 per cent or 79.48 points at 7,816.19, South Korea's Seoul Composite was up 0.43 per cent or 5.91 points at 1,376.72, Singapore's Straits Times firmed 0.17 per cent or 5.09 points at 3,005.09. However, Hong Kong's Hang Seng was down 0.07 per cent or 14.90 points at 20,014.76.
The Dow Jones industrial average rose 25.48 points, or 0.21 per cent, at 12,423.49 while the Standard & Poor's 500 Index advanced 3.13 points, or 0.22 per cent, at 1,412.84. The Nasdaq Composite Index climbed 3.95 points, or 0.16 per cent, at 2,438.20.
Market cues:
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