Markets open higher on firm global cues

Markets opened marginally higher on Thursday on bargain hunting and short covering at lower levels post the sharp losses in the past two trading sessions.

The 30-share Sensex was up 173 points at 19,350 and the 50-share Nifty was up 50 points at 5,821.

US markets rebounded in late trades on Tuesday, ending finally higher by half a per cent each. Dow JOnes added 0.3% at 14,989.

Following the gains in Wall Street, Asian markets have also opened positive. The Nikkei was marginally down while the Hang Seng, Shanghai Composite and Straits Times were up 0.9-1.8% each.