Mumbai (Agencies): The Bombay Stock Exchange benchmark Sensex escalated by over 63 points in opening trade on Friday due to bargain buying by funds and retail investors.

The Sensex, which has lost nearly 575 points during the past three sessions, suddenly rose by 63.60 points, or 0.36 per cent, to 17,526.64 points. Auto, FMCG, capital goods and oil and gas sector stocks led the recovery.

Similarly, the National Stock Exchange Nifty index moved up by 22.30 points to 5,248.10 points.

Marketmen said bargain buying at selective counters by funds and retail investors at attractive levels and gains in other Asian markets assisted the domestic equity market to stage a moderate comeback.

However, fears of disappointing industrial output data for the month of December, to be released later today, kept participants cautious.

In the Asian region, Hong Kong's Hang Seng was up by 0.43 per cent in early trade on Friday, while Japan's Nikkei was closed for a public holiday.

The US Dow Jones Industrial average ended 0. 09 per cent lower in Thursday's trade.