Mumbai: The BSE benchmark Sensex gained over 65 points in early trade on Wednesday on the back of gains in stocks of IT, oil and gas and metal sectors, amid a firming Asian trend.

The 30-share barometer, which had lost 9.68 points in on Tuesday's volatile trade, recovered by 65.74 points, or 0.35 percent, to 18,395.06.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 2.45 points, or 0.04 percent, to 5,574.00.

Brokers said selective buying by major players amid a firming trend in Asian markets on hopes that the United States will avoid a 'fiscal cliff' and Greece will get its much-needed bailout, helped trading sentiments improve.

Meanwhile, in Asia, Hong Kong's Hang Seng index rose by 0.67 percent, while Japan's Nikkei by 1.02 percent in early trade on Wednesday.

The US Dow Jones Industrial Average ended 0.06 percent lower in on Tuesday's trade.


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