Sensex gains 58 points; Nifty up 17 points

The benchmark BSE Sensex staged a modest recovery by rising over 58 points in early trade on Monday. Shares of Coal India, Wipro, TCS and Bajaj Auto led the gains on value-buying by participants after recent losses.

However, caution prevailed ahead of a host of macroeconomic numbers such as IIP and inflation data, to be released this week.

The 30-share index, which had lost 1,080.50 points in the past four straight sessions, recovered 58.57 points, or 0.21 per cent, to 26,827.06.

Also, the NSE index Nifty edged higher by 16.30 points, or 0.20 per cent, to 8,131.00.