New Delhi: On extremely weak global cues, the markets started in red but recovered within few minutes of trade.
The Bombay Stock Exchange benchmark Sensex, which fell 80 points in early trade on Thursday on massive selling by funds as well as investors, went up by 32 points at 0956 hrs IST.
The BSE-30 share index, Sensex had tumbled nearly 280 points in the previous session following a significant decline in heavy-weight stock prices.
Similarly, the wide-based National Stock Exchange's index Nifty, which fell 67.75 points in the early trade, went up by 17 points at 4,215.
Major losers in the opening trade were Reliance Communications, Reliance, ONGC, SBI, ICICI Bank, HDFC bank, ACC, Tata Motors, Wipro and ITC.
Stockbrokers said weakening global stock markets mainly dampened the trading sentiments here, triggering all-round selling by funds as well as retail investors.
Most of the index-related stocks remained in negative zone with moderate to sizeable losses.
However, Gujarat Ambuja, HCL Tech, Infosys, IOB, JSW Steel were trading strong.
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