Mumbai: After a weak start, the Bombay Stock Exchange benchmark Sensex bounced back by gaining over 80 points in the first one-hour of trade on selective buying in realty, consumer durables and metal stocks amid short-covering by speculators.
The Sensex, which had lost nearly 28 points when the markets opened, rebounded by 80.43 points at 19,941.44 level at 1000 hrs, supported by recovery in select heavy-weight stocks.
Similarly, the broad-based National Stock Exchange index Nifty rose 18.35 points to 5,977.90, after losing over 8 points in the opening session.
Brokers said besides emergence of buying at lower levels, recovery on the other Asian bourses also helped the Sensex reverse the weak trend