Mumbai: The BSE benchmark Sensex on Thursday recovered by over 70 points in early trade on selective buying by funds and retail investors.

The 30-share index, which had lost 56.72 points in the previous session, recovered by 70.88 points, or 0.45 percent, at 15,953.52 early.

The wide-based National Stock Exchange Nifty index moved up by 14.00 points, or 0.29 percent, to 4,763.65.

Brokers said fresh buying by funds and retail investors at selective counters, having strong fundamentals, helped Sensex post gains.

Sentiments, however, remained cautious ahead of corporate results of the third quarter ended December.

Meanwhile, among other Asian indices, Hong Kong's Hang Seng Index rose by 0.14 percent but Japan's Nikkei shed 0.52 percent in morning trade on Thursday.

The Dow Jones Industrial Average ended 0.17 percent higher on Wednesday.