Mumbai: The BSE benchmark Sensex rose by over 82 points in early trade on Friday as investors picked up selective stocks ahead of Budget.

The 30-share barometer, which fell by 243.45 points in the previous session, recovered by 82.61 points, or 0.47 percent, to 17,758.46 in the first few minutes of trade on Friday.

Similarly, the wide-based National Stock Exchange Nifty index moved up by 23.05 points, or 0.43 percent, to 5,403.55.

Brokers said cautious trade on the back of selective buying by funds and retail investors on expectations of a market-friendly Budget for the year 2012-13 to be announced later in the day, influenced the trading sentiment.

Capital goods, power, realty, PSU, banking, metal and IT sector stocks were in demand, helping the Sensex to rise.

Meanwhile, Hong Kong's Hang Seng index was down by 0.20 percent, while Japan's Nikkei index shed 0.14 percent in early trade on Friday.