Mumbai: After Wednesday's bloodbath, the markets opened on a very strong note on Thursday in line with its Asian peers. At 0956 hrs IST, Sensex was up 126 points at 12,656 and Nifty was up 47 points at 3,687.
Asian stocks were mostly higher, as investors regrouped for a round of bargain hunting following sharp declines on regional markets in the previous session.
Japan's Nikkei gained 1.45 per cent or 241.95 points at 16,918.84, Taiwan's Taiwan Weighted was up 1.66 per cent or 125.32 points at 7,695.59, Singapore's Straits Times surged 1.60 per cent or 48.90 points at 3,102.11 and South Korea's Seoul Composite rose 1.47 per cent or 20.75 points at 1,428.12.
However, Hong Kong's Hang Seng was down 2.57 per cent or 496.21 points at 18,836.93.
On Wednesday, volatile US markets but made a slight recovery towards the end of the day.
The Dow Jones industrial average dipped below the psychological barrier of 12,000 in the day, but closed in the green. The anxiety over mortgage lenders, pushed the Dow down by more than 240 points - it's second biggest drop in nearly four years.
NASDAQ too closed higher. Japanese stocks make a strong recovery following positive cues from the US.
However, the street remained jittery over Tuesday's slump of over 240 points, which had triggered copy-cat tumbles around the world earlier in the day.
European markets were also jittery on Wednesday mirroring the global trends. They closed in the red down by about 2.6 per cent.
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