Indian equities opened positively despite none too encouraging global signals and moved up further in subsequent trading session as investors went bargain hunting after five successive days of losses.

The 30-share index, BSE Sensex opened with a gain of 33.47 points, at 8,970.67 on Wednesday.

Metal stocks, among the severely battered in recent sessions, were among the top gainers, while Oil, real estate, banking, capital goods and power stocks also moved up sharply.

Moreover, the other sectors including FMCG, auto and PSU sectors also made smart gains this morning. Some IT and pharma stocks also zoomed up on heavy buying action.

BSE Midcap and Smallcap stocks have also risen sharply on account of good buying action.

In the previous day session, the Sensex closed the day after losing 353.81 points, while the NSE Nifty declined by 116.40 points, or 4.16%.

The overall breadth of the market was sharply positive.

At 10:28 a.m., the BSE Sensex stood at 9145.50, up 208.30 points. Meanwhile the broad based Nifty gained 57.55 points at 2740.70.

Major gainers in the 30-share index were Sterlite Industries, ACC, Grasim Industries, ITC, Jaiprakash Associates, Mahindra & Mahindra, Ranbaxy Laboratories, Tata Steel, Bharti Airtel, Hindustan Unilever, Infosys Technologies, BHEL, DLF, HDFC Bank, HDFC, Hindalco, ICICI Bank, Larsen & Toubro, Reliance Infrastructure, State Bank of India, Tata Motors, Tata Power, Satyam Computer Services.