Sensex rebounds, gains 130pts; Jaiprakash zooms 10%

The Sensex has rebounded into the positive zone led by aggressive buying in realty and FMCG stocks. The index is now up 130 points at 10,665. Earlier in the day, the index opened with a negative gap of 251 points at 10,284, and touched a low of 10,172 - down 363 points from the previous close.

Jaiprakash Associates has zoomed over 10% to Rs 107. Tata Motors has soared 6.5% to Rs 223.

Hindustan Unilever and Wipro have surged around 4.5% each to Rs 237 and Rs 281, respectively.

ITC, Sun Pharma and Larsen & Toubro have rallied nearly 4% each to Rs 188, Rs 1,110 and Rs 799, respectively.

Tata Steel, TCS and NTPC are up over 3% each.

Mahindra & Mahindra has plunged 3.5% to Rs 450, and Hindalco has shed 2.8% at Rs 58.

BHEL, HDFC Bank and Reliance Communications have slipped around 1.5% each to Rs 1,506, Rs 1,048 and Rs 215, respectively.

The market breadth is extremely positive - out of 2,437 stocks traded so far, 1,791 have advanced, 574 have declined and the are unchanged.