The domestic benchmark indices recovered in the early trade on Wednesday to snap their losing streak, tracking the Asian markets, despite elevated crude oil prices, escalating US-Iran conflict and concerns around a possible US Federal Reserve rate hike.

Market movement

The 30-share BSE Sensex gained 348.52 points, or 0.47 per cent, to 74,352.34 in the initial trade, while the 50-share NSE Nifty advanced 101.15 points, or 0.44 per cent to 23,219.75 in the early deals.