The Bombay Stock Exchange benchmark, Sensex, recovered by over 66 points in early trading on the back of fresh buying by funds and retailers, triggered by firm Asian stock markets.
The 30-shares sensitive index, which had lost 79.36 points on Thursday, recovered by 66.86 points at 11,920.71 points in the first five minutes of trading.
In similar fashion, the Nifty index on the wide-based National Stock Exchange was up by 16.90 points at 3,471.45.
The major gainers were State Bank of India, Cipla, Hero Honda, Tata Consultancy, NTPC, Reliance Petroleum, Tata Steel, Satyam Computers, Infosys Technologies and HDFC.
The scrip of United Western Bank remained in the limelight after a fresh takeover offer by India Bulls and surged further by 10 per cent at Rs 21. The scrip had plunged to Rs 5.25 on the National Stock Exchange earlier this week.