Equity benchmarks recovered early losses with the Nifty rising over 8600 level on first day of November series. Select Tata Group stocks like Tata Motors (up 2.6 percent) and Tata Steel (up 1.7 percent) rebounded sharply on short covering after sharp sell-off in previous three consecutive sessions due to Tata-Mistry issue. The 30-share BSE Sensex was down 17.84 points at 27898.06 and the 50-share NSE Nifty gained 7.65 points at 8622.90 while the broader markets outperformed benchmarks. The BSE Midcap and Smallcap indices gained nearly 1 percent each on strong breadth. About two shares advanced for every shares declining on the exchange. Tech Mahindra maintained its rally of 6 percent after strong dollar revenue growth of 5 percent QoQ in constant currency.