The BSE Sensex reversed its bearish trend to recover by 47.06 points on bouts of value buying in most of the sectors led by metal, capital goods, consumer durables and industrials despite weak Asian cues.
Broadly, the market loomed by nervousness in tandem with global peers on chances of Donald Trump's win closely fought US election, but in late deals witnessed some good bouts of value-buying amid tinge of shortcovering.
However, Oil&Gas and IT saw continued selling pressure.
The Sensex was trading at 27,574.28 at 1100 hours, showing a modest gain of 47.06 points, or 0.17 per cent, from its last close.
The 50-share Nifty also regained the key 8,500-level to quote 8,529.90, gaining 15.90 points, or 0.19 per cent.
Major gainers were Heromotoco 1.84 per cent, L&T 1.21 per cent, Tata Steel 0.76 per cent, TCS 0.72 per cent, Maruti 0.71 per cent and ITC 0.70 per cent.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 667.37 crore yesterday, as per provisional data.
Overseas, most Asian stocks were trading lower with uncertainty over next week's US presidential election sending investors rushing for the sidelines.
US stocks fell yesterday with the S&P 500 recording its longest losing streak in five years after the Federal Reserve, as expected, kept interest rates unchanged.
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