The BSE benchmark Sensex is trading 260 points up at 16,074. The 30-share index, which had lost 53 points in the previous two sessions, recovered by 151 points, or 0.96 per cent, to 15,966 in early trade today.The wide-based National Stock Exchange benchmark index Nifty which gained 42 points in early trady is trading 77 points up at 4, 820 points.In Asia, Hong Kong's Hang Seng Index was up 0.44 per cent, while Japan's Nikkei Index rose by 0.45 per cent in the morning trade. In the US, the Dow Jones Industrial Average closed 0.27 per cent higher in yesterday's trade.