Mumbai: Benchmark recouped part of overnight losses at opening session on the Bombay Stock Exchange (BSE) on March 13 on the back of good buying support in the old economy segment, even as the market braces up for the Supreme Court verdict on the contentious Ayodhya issue.

However, software counters continued to reel under selling pressures following a weak trend on the Nasdaq where the Composite Index dropped by 32.37 per cent on March 12 night.

The BSE-30 share sensitive index resumed lower at 3,531.48 and moved upwards to a high of 3,578.51 before being quoted at 3,567.72 at 10.35 am (IST) as against March 12 close of 3,535.80.

Dealers attributed the recovery in the SENSEX to a smart rally in old economy heavyweights like HLL, HPCL, RIL and ITC.

Select Public Sector Undertakings (PSUs) stocks also attracted renewed buying from foreign funds.

Operators were eagerly awaiting the Supreme Court's verdict on March 13 over the crucial Ayodhya issue but were optimistic following (Vishwa Hindu Parishad) VHP's statement that their programme would be restricted to "offering shila" after a prayer on that day without violating any law, a broker commented.

PTI