The domestic stock markets recovered smartly from initial losses, with the Sensex at the Bombay Stock Exchange surging 355 points, to 28,537 in afternoon trade, a short while ago. Earlier in the morning, the Sensex had declined 109 points. Similarly, the Nifty at the National Stock Exchange had jumped 110 points, to 8,639 a short while ago. But other key Asian markets in Japan, Hong Kong, South Korea and Singapore had declined between 0.4 percent and 1.2 percent. However, the Chinese market had gained 0.2 percent.Back home, at the forex market, the rupee had weakened 4 paise, to 63.59 against the dollar in early trade, on fresh dollar demand from importers.