Indian markets opened the day higher, even as Asian markets were trading tentative in the last few days of trading for 2015.
The Sensex was trading with gains of 73 points, while the Nifty was up 18 points in early trade. Banking stocks led early recovery with ICICI Bank up 1 per cent, while Yes Bank and IndusInd Bank were the other stocks that were trading higher.
JP Associates was in the limelight on reports that there were several bidders for its cement division. The stock was up more than 2 per cent in trade.
Shares in Bosch gained despite reports that the company was suspending manufacturing operations at Jaipur until Jan 2, to avoid build-up of inventory.
Interglobe Aviation saw good buying support after the company said that its fleet size had increased.
Mid cap stocks were also seeing good buying support with the index up 0.24 per cent. Leading the set of gainers were IGL and South Indian Bank.
Meanwhile, markets across Asia were trading with gains, though activity was subdued due to year end. The Shanghai Composite and the Hang Sang were the only markets trading in the red.