New Delhi: The benchmark Sensex opened higher by over 59 points on the Bombay Stock Exchange on Monday on emergence of buying by funds and general investors.
The Sensex which had lost over 22 points on Friday recovered by 59.80 points at 13,345.73 in first five minutes of trading.
Similarly, wide-based National Stocks Exchange Nifty was higher by 24.40 points at 3885.45.
At 0956 hrs, IST the Sensex was up 44 points at 13,330 and the Nifty up 12 points at 3,873.
Gainers in the morning trade were Reliance, ONGC, ICICI Bank, ITC, Rel Comm, ACC, Tata Steel, SBI, HLL and Guj Amb Cements.
However, HDFC Bank and Wipro lost ground.
Cement (ACC, India Cements, Gujarat Ambuja Cements etc) stocks surged with concrete gain.
Bajaj Hindustan, Balrampur Chini etc were also witnessing buying interest.
All BSE indices were trading in the green. The BSE Bankex and FMCG gained over 0.5 per cent.
Asian stocks rose in early trading today as Japanese investors responded to unexpectedly good news about the US housing market, according to media reports.
Japan's Nikkei was down 0.05 per cent or 8.05 points at 17,472.56. However, Taiwan's Taiwan Weighted gained 0.31 per cent or 24.20 points at 7,883.52.
Hong Kong's Heng Seng rose 0.35 per cent or 68.50 points at 19,761.14. Singapore's Straits Times was up 0.11 per cent or 3.57 points at 3,209.39. South Korea's Seoul Composite was up 0.14 per cent or 2.06 points at 1,449.44.
US Stocks closed mostly higher on Friday, The Dow Jones rose 19.87 points, or 0.16 per cent, to 12,481.01.
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