The BSE benchmark Sensex recovered sharply by over 271 points in early trade today.The 30-share barometer, which lost over 278 points in the previous two sessions, rose by 271.48 points, or 1.63 per cent, to 16,911.30 with all the sectoral indices, led by banking, metals and auto, gaining up to 1.97 per cent.The wide-based National Stock Exchange index Nifty, regained 5,100 points level by rising 86.25 points, or 1.71 per cent, to 5,129.25.