Equity benchmark indices Sensex and Nifty recovered their early lost ground and were trading higher on Tuesday morning, tracking a firm trend in global markets and buying in blue-chip bank stocks.

The 30-share BSE Sensex dropped 417.68 points to 81,120.02 in early trade. The 50-share NSE Nifty declined 111.1 points to 24,937.55. However, soon after both the benchmark indices bounced back and were trading in positive territory. The BSE benchmark quoted 298.06 points higher at 81,814.74, and the Nifty traded 91.85 points up at 25,151.15.