NEW DELHI: Domestic equities opened on a positive note on Tuesday, tracking cues from Asian peers that showed signs of recovery, a day after suffering strong losses on renewed worry over US-China trade war.Markets across China, Hong Kong, Singapore, Korea and Taiwan rose up to 0.8 per cent after Monday's slide.
Japan's Nikkei was an exception, which fell 1.1 per cent to 22,006.58, taking a delayed hit after the country's financial markets opened after a 10-day market break.
Oil prices were mixed as US sanctions on oil exporters Iran and Venezuela kept markets on edge while concerns that an escalating Sino-US trade dispute could slow the global economy also kept crude somewhat in check.
Brent crude oil futures were at $71.16 per barrel, 8 below their last close.
Around 9:40 am, the BSE Sensex was 166 points up at 38,766, while the Nifty index was 36 points up at 11,634.
By 9.55 am, the 30-pack had cut gains to 100 points.
Nifty50 was ruling near 11,600.
Vedanta, HUL, Hero MotoCorp, Power Grid and Tata Steel were among top gainers in the Sensex index.
On the other hand, IndusInd Bank, ONGC, Reliance Industires, Sun Pharma and HCL Tech were among the top losers.
Barring oil gas and energy, all sectoral indices were in the green on BSE.
Data suggests foreign portfolio investors (FPIs) sold Rs 948.98 crore worth of domestic stocks on Monday, data available with NSE suggested.
DIIs were net buyers to the tune of Rs 89.89 crore, data suggested.