The Bombay Stock Exchange benchmark Sensex has recovered sharply by over 295 points in opening trade on fresh capital inflows by funds after the government said the Dubai crisis should not have any major impact.Firming trends on other Asian markets too buoyed the trading sentiments.The Sensex shot up by 295.96 points, or 1.77 per cent to 16,927 points in opening trade. It had lost over 566 points in the past two sessions.The wide-based National Stock Exchange index Nifty also recovered by 87 points, or 1.76 per cent to 5,028.