Mumbai: The BSE benchmark index Sensex recovered by over 72 points in early trade on Friday fresh buying activity amid a firming trend in global markets.

The 30-share index, which had lost over 350 points in the previous two sessions, recovered by 72.38 points, or 0.40 percent, to 18,150.88 points.

In a similar fashion, wide-based index of the National Stock Exchange, Nifty, moved up by 21.70 points to 5,505.00.

Brokers said fresh buying by funds and retailers following beginning of a new monthly contract in the derivatives segment and firming trend in overseas markets, mainly influenced the trading sentiment.

All the secotoral indices were trading in the positive territory with gains up to 1.76 percent.

In Asia, Hong Kong's Hang Seng Index was up 0.36 percent, while Japan's Nikkei Index was being quoted 0.14 percent higher in morning trade on Friday.

The US the Dow Jones Industrial Average closed 0.36 percent higher in Thursday's trade.