Snapping a two-day losing streak, the B S E benchmark, Sensex, opened higher by 122 points on Thursday on fresh buying by funds amid firm global cues.

The 30-share index, which had lost nearly 498 points in the previous two sessions, recovered by 122.10 points to 19,581.95 level during the first five minutes of trading.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 30.70 points to 5896.45 points.

Brokers said fresh buying by foreign funds and firming trend in global markets helped in stocks rebound.

In other Asian markets, the Hong Kong’s Hang Seng Index was up by 0.65 per cent and Japan’s Nekkei index by 0.41 per cent in morning trade.

In the US, the Dow Jones Industrial Index ended 1.37 per cent higher on Wednesday.