BSE Sensex opens over 120 points up on strength in global markets

The benchmark BSE Sensex opened up over 100 points on Wednesday morning gaining strength from the positive sentiment in the global stock markets. 

The 30-share composite was trading at 26,648.07, up 123.52 or 0.47% from previous day's close while Nifty opened at 8174.70, up 46.85 or 0.58%.

The domestic markets were tracking cues from the Asian markets were trading higher on Wednesday, as fears the immediate drag of a Brexit vote ebbed and investors believed that central banks will step in eventually to curb volatility. 

Tokyo was trading up over 1%, recouping a third of Friday's losses, a Reuters report said. Global markets lost $2.1 trillion on Friday, after the UK decided to vote itself out of the European Union. 

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1% to recoup around a third of Friday's stinging loss. Japan's Nikkei climbed 1.4%, while Australian stocks added 0.8%, the Reuters report said.