The Sensex tested the 33,000 level in opening trade today after some value-buying in select stocks despite retail inflation rising to 7-month high in October.
The 30-scrip Sensitive Index (Sensex), was trading at 45.08 points or 0.14 per cent higher, soon after opening.
The rupee's modest recovery against the dollar and a mixed global trend were the other deciders.
Retail or CPI inflation rose to 7-month high of 3.58 per cent in October, driven up by costlier food items, particularly vegetables.
The rupee was trading higher by 13 paise to 65.29 against the American currency at the forex market today.
The 30-share barometer bounced by 81.98 points, or 0.25 per cent, to 33,115.54. Auto, power, consumer durables, FMCG and realty jumped by up to 0.52 per cent. The gauge had lost 281 points in the previous session. The NSE index Nifty too was trading higher by 21.70 points, or 0.21 per cent, at 10,246.65.
The big gainers included NTPC, Reliance Industries, M&M, Kotak Bank, Maruti Suzuki and Lupin, adding up to 1.61 per cent.
Japan's Nikkei rose 0.27 per cent and Hong Kong's Hang Seng 0.19 per cent in early trade. China's Shanghai Composite, however, shed 0.38 per cent.
The US Dow Jones Industrial Average had closed 0.07 per cent higher yesterday.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
EXPLAINED! Anil Singhvi on his campaign to protect investors and save their hard-earned money; reveals market strategy going forward
Share market today: Abbott India, Aavas Financiers share prices rise, fight off negative Sensex, Nifty trend
Anil Singhvi’s Strategy March 30: 8,300-8,400 is Next Support Zone on Nifty
Stocks in Focus on March 30: MCX, Delta Corp to Lupin; here are the 5 Newsmakers of the Day
Stock Market: Sensex, Nifty pare early morning gains; Axis Bank, Coal India, MMTC shares gain