The benchmark Bombay Stock Exchange (BSE) index Sensex recovered over 78 points in early trade on Monday as market participants made fresh buying in selective stocks ahead of inflation data to be released later in the day.
Brokers said fresh positions created by participants ahead of inflation data based on wholesale price index for February, to be released later in the day, supported the upside in select stocks.
Besides, reports that foreign funds were net buyers on the domestic bourses influenced domestic trading sentiments, they added.
The 30-share BSE barometer was trading higher by 78.52 points (or 0.27 per cent), at 28,581.82 as sectoral indices, led by IT, technology and healthcare, were trading in positive zone.
The gauge had lost 427.11 points in the previous session on Friday after the rise in retail inflation dampened hopes of aggressive rate cuts by the Reserve Bank of India (RBI).
The broader 50-share National Stock Exchange (NSE) index Nifty edged higher by 15.80 points (or 0.18 per cent), at 8,663.55.
Among other Asian markets, Hong Kong's Hang Seng was up by 0.33 per cent, while Japan's Nikkei gained 0.22 per cent in early trade on Monday.
However, the US Dow Jones Industrial Average ended 0.82 per cent lower in Friday's trade.
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