The benchmark BSE Sensex recovered by over 54 points today largely on the back of covering-up of pending short positions in view of monthly expiry in the derivatives segment amid a firming trend in the Asian region - Bharat Petroleum Corporation Ltd (BPCL), Oil & Natural Gas Corp (ONGC), Tata Power share prices rise.
BSE Sensex supported by gains in stocks of healthcare, capital goods, power and consumer durable companies.
The Sensex had lost 68.32 points in the previous session on Tuesday. The market remained closed yesterday on account of "Christmas".
The NSE Nifty index recovered by 14.45 points.
Brokers said covering-up of short positions by participants as today being the last session of current month expiry in the derivatives segment and a firming trend in the Asian region, mainly influenced the trading sentiment.
In the Asian region, Japan's Nikkei Index was up 0.91 per cent in early trade today, while Hong Kong's markets are closed today for a public holiday.