Mumbai: The BSE benchmark Sensex gained nearly 70 points in early trade on Tuesday on fresh buying influenced by firm cues from other Asian bourses.

The 30-share index rose by 69.62 points, or 0.39 percent, to 17,632.23 in early trade.

Buying in capital goods, refineries, power, auto and metal stocks helped the Sensex gain.

In a similar fashion, the wide-based National Stock Exchange Nifty Index moved up by 19.00 points, or 0.35 percent, to 5,303.20.

Brokers said trading sentiment improved on the back of firming trend in the Asian region and encouraging earnings announced by ONGC.

Stocks of state-owned Oil and Natural Gas Corp (ONGC) were up by 3.06 percent to Rs 286.15 after company posted a 60 per cent jump in net profit in the second quarter ending September 30 on back of higher crude oil prices.

In the Asian region, Hong Kong's Hang Seng index rose by 0.73 percent. The US Dow Jones Industrial Average ended 0.71 percent higher on Monday.