#Sensex gains 58 points on value-buying

The benchmark BSE Sensex staged a modest recovery by rising over 58 points in early trade as 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%, to 26,827.06.