Nifty Rebounds From Over 1-Month Closing Low

The Nifty was trading higher, recovering slightly from a 1-1/2 month closing-low posted on Wednesday. Blue chips led the recovery, tracking higher Asian shares after dovish comments by the Fed's Janet Yellen and upbeat Chinese trade data.

Shares in Bharti Airtel gained 1.1 per cent after falling 7.9 per cent since April 29 as the company's earnings disappointed some investors.

However, caution is expected to prevail ahead of the general elections outcome due on May 16.

Overseas investors sold index futures worth Rs 512 crore while their cash shares purchase was at Rs 119 crore on Wednesday, provisional exchange data shows.

The BSE Sensex was trading up more than 80 points while the Nifty gained over 20 points as of 11:11 a.m.