Stock markets rebound after days of downtrend

Sensex rises 239 points, Nifty gains 64 points

Benchmark Sensex rebounded 239 points while Nifty ended its seven-day losing streak on Tuesday following value-buying in banking, IT and auto shares amid mixed global trends.

Snapping its four days ol decline, the 30-share Sensex climbed 239.37 points or 0.31 per cent to settle at 77,578.38. The index opened with gains and spurted further 1,112.64 points or 1.43 per cent to hit the day's high of 78,451.65. However, fag-end decline in Reliance Industries restricted the market rally.

The NSE Nifty also bounced back after seven straight sessions of losses. The broader 50-issue barometer gained 64.70 points or 0.28 per cent to settle at 23,518.50. The index jumped over 300 points to hit 23,780 level in the day.