Benchmark indices opened the day higher bouncing from 19-month lows hit on Monday, as Asia saw a mild recovery.

Chinese GDP data did not surprise on the downside, which resulted in greater stability for global markets. The economy grew at 6.8 per cent in the fourth quarter, which was in line with estimates.

Tata Motors was trading higher after reports that the company had received orders for trucks from the army.
Banking stocks after hitting fresh 52-week lows on Monday, saw some recovery in their share prices. ICICI Bank, Axis Bank and HDFC Bank were trading higher.

HCL Tech, which reported a good set of quarterly numbers saw a drop of 2 per cent in its share price.

Midcap stocks which were hammered out of shape on Monday, saw some recovery in their share prices. The index was trading with gains of near 1 per cent.

Asian Paints was higher by one per cent, after its results matched expectations. Meanwhile, markets across Asia were trading mixed with the Seoul Composite and the Strait Times trading lower, while the Shanghai Composite jumped in trade.

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