Sensex rebounds, up 66 points in opening trade

Mumbai, June 9 (PTI) The Bombay Stock Exchange benchmark
Sensex recovered by over 66 points in the opening trade
Wednesday, after two straight sessions of losses, on the back
of renewed buying by foreign funds.
The 30-share index, which lost almost 500 points over the
last two days, staged a comeback to trade 66.26 points,
or 0.39 per cent, higher at 16,683.36 points.
Stocks of oil and gas, realty and auto sectors led the
recovery.
The wide-based National Stock Exchange's Nifty rose by
21 points, or 0.36 per cent, to trade above the 5,000-points
level at 5,008.10.
Brokers said overnight gains on the US market, which
ended 1.26 per cent higher, and firm opening on Asian bourses,
triggered selective buying by foreign funds as well as retail
investors.
Among major gainers, Reliance Industries rose by 0.87 per
cent to Rs 1,005.10, Reliance Infra by 1.01 per cent to Rs
1,067.50, Sterlite Industries by 0.71 per cent to Rs 613.70,
Tata Steel by 0.22 per cent to Rs 453.40, DLF Ltd by 1.38 per
cent to Rs 261 and ONGC by 1.13 per cent to Rs 1,183.50.
Stocks of Bharti Airtel shot up 2.29 per cent to Rs
263.70 on completion of the acquisition of Kuwait-based Zain
Telecom's Africa business for USD 10.7 billion (about Rs
48,000 crore).
In the auto segment, Maruti Suzuki gained 0.78 per cent to
Rs 1,303.90, Hero Honda 0.28 per cent to Rs 1,939 and
Mahindra and Mahindra 1.05 per cent to Rs 577. PTI