Sensex opens 150 points up, Nifty gains tracking Asian peers

Stock market today: Domestic benchmark indexes opened higher on Thursday, tracking a rebound in Asian peers after a steep sell-off in the previous session.

The Nifty 50 index rose 0.16 per cent at 25,238.15, while the S&P BSE Sensex was up 0.16 per cent at 82,490.14 as of 9:18 am.

Eleven of the 13 major sectors logged gains. The broader, more domestically focussed small- .NIFSMCP100 and mid-caps .NIFMDCP100 gained about 0.5 per cent each.

On Wednesday the benchmark Nifty 50 snapped its longest winning streak during which the index hit all-time highs earlier in the week.

Lacklustre US economic data spurred slowdown concerns and weighed on global markets in the previous session.

Weak US labour market data and comments from a key Federal Reserve official bolstered the case for an aggressive interest rate cut, with the odds of a 50-basis-point cut on September 18 rising to 45 per cent from 38 per cent a day before.