The BSE benchmark Sensex today rose by 74 points in early trade on emergence of selective buying by funds, after country's largest software exporter TCS posted encouraging fourth quarter results. The 30-share barometer gained by 74 points to 18,806 with IT, oil and gas, healthcare, capital goods and realty sector stocks leading the recovery.Similarly, the wide-based National Stock Exchange index Nifty moved up by 14 points to 5,702.In Asia, Japan's Nikkei fell by 0.32 per cent, while Hong Kong's Hang Seng index shed 0.16 per cent in early trade. The US Dow Jones Industrial Average ended 0.94 per cent lower in previous session after disappointing earnings reports.