The BSE Sensex and NSE Nifty recovered losses headed by rally in capital goods scrips, and TCS and ITC.

But, the upside was capped owing to decline in SBI, ICICI Bank, Infosys and RIL.

Even The Indian currency made recovery from the day's low of 53.63 per dollar to rule at 53.46 per dollar, down 34 paise.

The BSE Sensex added up 47.18 points to trade at 16,593.36, which lost over 600 points since Friday.

In the meantime, the NSE Nifty clawed back over the 5000 level to rule at 5,009.25 after surging 9.30 points.

Scrip of ITC, the country's biggest cigarette maker, gained 4.5% chaired by value buying interest whilst HUL zoomed 0.6%.

Top software services exporter Tata Consultancy Services climbed 2.6% and Wipro gained 1.2% whereas Infosys dropped 0.33%.

Capital goods majors L&T and BHEL rallied around 2%.

HDFC Bank added up 1% whilst top lenders SBI and ICICI Bank remained down by 0.5% and 1%, respectively.

Major heavyweights RIL, ONGC and Bharti Airtel declined 1% each.

JP Associates topped the selling list, dropping 3.5%.

In the second line shares, India Infoline, Emami, Berger Paints, Rallis India and Puravankara Projects zoomed 3-7% whereas Manappuram Finance, Shree Renuka, HDIL, Jindal Saw and Bajaj Hindusthan declined 3-8%.