Indian equities opened negatively due to weak global reaction, despite the US Senate voting in favor of the $700 billion financial rescue plan, which aims at reviving the drowning financial segment.

Moreover, the passage of Indo-US nuclear agreement also failed to boost the outlook during early trade.

Asian markets opened negative today (Oct 03) on growing worries over the U.S. economic system.

Today, the 30-share index, BSE Sensex opened at 12,899.62, down 156.05 points, as against its last closure at 13,056, up 195.24 points, on Wednesday (Oct 01). 

But, after dropping to 12,851.47 during opening trade, the Sensex recovered quickly as it moved up to 13,001.19 on the back of strong buying action seen in capital goods, power and FMCG stocks. A few stocks from different sectors including realty, banking and PSU also posted sharp gains.

At 10:28 a.m., major gainers in the 30-share index were Ranbaxy Laboratories (7.15%), BHEL (2.2%), ITC (1.6%), NTPC (1.65%), Jaiprakash Associates (1.45%) and Larsen & Toubro (1.55%).

Tata Power, HDFC Bank, Hindustan Unilever and ONGC are up with modest gains and Mahindra & Mahindra is up marginally over its previous closing price. 

On the other hand, Sterlite Industries (6.5%), Infosys Technologies (3.7%), Tata Consultancy Services (3.15%), Satyam Computer Services (2.95%), and Wipro (1.6%) were the biggest losers in the Sensex. 

Markets remained closed on Thursday (Oct 02), on account of Gandhi Jayanti.