Mumbai/IBNS, June 4 -- The Indian stock market opened sharply lower on Thursday but staged a swift recovery within the first hour of trading, with both benchmark indices bouncing back into positive territory, media reports said.

However, buying emerged at lower levels, helping both indices pare losses rapidly.

The Sensex recovered strongly to trade over 100 points higher within an hour of the opening bell.

The Nifty 50 too erased its losses and entered the green zone, reflecting improved investor sentiment after the initial sell-off.

The Nifty IT index dropped nearly 1 percent, emerging as one of the biggest sectoral laggards and exerting pressure on the broader market.

Despite the weak opening, several stocks traded in positive terr...