The Sensex recovered by over 260 points in opening trade today, snapping its week-long losing streak on emergence of buying by foreign funds. The 30-share index, which had lost over 788 points in the previous five sessions, bounced back by 260 points or 1.55 per cent to 17,029 points. Likewise, the wide-based National Stock Exchange's Nifty rose 86 points to 5,104 points. Stocks of oil and gas, metals, realty, capital goods and banking sectors were back in the positive zone.