Mumbai: The BSE benchmark Sensex recovered by over 132 points in early trade Thursday, after Wednesday's losses, on fresh buying by funds and retailers ahead of industrial output data amid a firming trend on the other Asian bourses.

The 30-share barometer, which has lost 44.44 points in Wednesday's session, rose by 132.41, or 0.77 percent, to 17,331.81 points, with all the sectoral indices led by metal capital goods and banking, rising up to 1.40 percent.

The wide-based National Stock Exchange index Nifty also moved up by 38.05 points, or 0.73 percent, to 5,264.90 points.

Brokers said expectations of higher industrial output data for February, to be released later today, and a firming trend on the other Asian bourses buoyed the trading sentiments, triggering buying by funds and retail investors.

In the Asian region, the Japan's Nikkei rose by 0.18 percent, while the Hong Kong's Hang Seng index was up by 0.17 percent in early trade on Thursday. The US Dow Jones Industrial Average ended 0.70 percent higher in Wednesday's trade.