Sensex up 65 points in early trade

The 30-share barometer, which had lost 9.68 points in yesterday's volatile trade, recovered by 65.74 points, or 0.35 per cent, to 18,395.06.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 2.45 points, or 0.04 per cent, to 5,574.00.

Brokers said selective buying by major players amid a firming trend in Asian markets on hopes that the United States will avoid a 'fiscal cliff' and Greece will get its

much-needed bailout, helped trading sentiments improve.

Meanwhile, in Asia, Hong Kong's Hang Seng index rose by 0.67 per cent, while Japan's Nikkei by 1.02 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.06 per cent lower in yesterday's trade.

GLOBAL MARKETS ROUNDUP

* Nifty futures on the Singapore Exchange rose 0.15 percent. The MSCI-Asia Pacific index excluding Japan was up 0.01 percent.

* Wall Street halted its two-day rally on Tuesday, after Federal Reserve Chairman Ben Bernanke said the central bank lacks tools to cushion the U.S. economy from the impact of the "fiscal cliff."

* Asian shares steadied on Wednesday, after a two days of gains, as investors refocused on the risk of a U.S. Fiscal crisis following Bernanke's remarks that the budget impasse was already damaging growth

FACTORS TO WATCH

* The Reserve Bank of India's Deputy Governor Subir Gokarn will address college students in Mumbai on 'The Current

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