Mumbai: Snapping a three-day losing streak, the BSE benchmark Sensex recovered by over 74 points in opening trade on Friday on fresh buying amid a firming trend in the Asia region following overnight gains in the US on the back of encouraging economic data.

The 30-share Sensex, which has lost over 426 points in the past three sessions, recovered by 74.59 points, or 0.48 per cent, to 15,618.52 in the first five minutes of trade.

In a similar fashion, the wide-based National Stock Exchange Nifty index moved up by 21.25 points, or 0.46 per cent, to 4,667.60.

Brokers said fresh buying by funds amid a firming trend in the Asia region following overnight gains in the US in the wake of encouraging economic data mainly led to the moderate recovery in stock prices.

Buying activity was focused on realty, auto and banking stocks, helping the Sensex trade in positive terrain.

Meanwhile, in the Asia region, Hong Kong's Hang Seng Index rose by 0.39 per cent and Japan's Nikkei by 0.32 per cent in morning trade today. The Dow Jones Industrial Average ended 1.12 per cent higher in Friday’s trade.

(Agencies)