The 30-share index BSE Sensex has made recovery of around 110 points during the morning trade, with finance and other sector stocks recording gains on emergence of buying by funds as well as retail investors at persisting low levels amid healthier trends on other Asian stock exchanges.

The Sensex, which declined 208.82 points during the last trading session, surged 109.74 points (0.60%) to trade at 18,259.61, with banking, real estate, automobile and metal segment scrips topping the recovery chart.

Likewise, the broad-based Nifty gained 36.40 points (0.66%) to 5,483.05 points.

Market forecasters stated that bargain purchasing by funds as well as retail investors at select counters, after quick losses during the last session assisted stocks to trade at moderately higher levels.

Banking scrips that confronted selling pressure after the central banking institution (RBI) yesterday declared a hike of 25 bps in key short-term lending and borrowing rates were back in positive zone on continuous buying activity.

State Bank of India was ruling 0.19% up at Rs 2623.10 per share, whereas ICICI Bank gained 0.50% to trade at Rs 1,017.50 per share.

In major Asian indices, the Japan's Nikkei surged 3.05% and Hong Kong's Hang Seng remained up by 0.70% during the morning trade.