Mumbai: The BSE benchmark Sensex gained over 26 points in early trade on October 11 after Wednesday’s losses on emergence of buying by funds and retailers.

The 30-share barometer, which had lost 162.26 points in the previous session, recovered by 26.55 points, or 0.14 per cent, to 18,657.65 in the first five minutes of trade.

Stocks of realty, oil and gas, and metal led the recovery.

Similarly, the wide-based National Stock Exchange index Nifty was up 10.05 points, or 0.18 per cent, at 5,662.20.

Brokers said fresh buying by funds and retail investors at existing lower levels mainly influenced the trading sentiment.

A possible rating downgrade of India by Standard & Poor's and fears of more turbulence in global economies rattled the market on October 10 with the benchmark S&P CNX Nifty sliding by 52 points at the National Stock Exchange (NSE).

The market buckled under concerns over deteriorating global growth outlook and S&P’s warning to downgrade India's sovereign credit rating.