Sensex rebounds; Reliance, SBI, ICICI, L&T support

Indian equity benchmarks rebounded amid choppy trade, supported by Reliance Industries and State Bank of India. ICICI Bank, Larsen & Toubro, TCS and BHEL too recovered their entire losses.

The 50-share NSE Nifty clawed back above the 5250 level, which was up 22.10 points at 5,275.85. Meanwhile, the 30-share BSE Sensex gained 60.5 points at 17,444.85.

Index heavyweight Reliance Industries extended gains to 1.7% and commercial vehicle maker Tata Motors rose 1.5%.

Country's largest lenders State Bank of India and ICICI Bank moved up 1.4% and 0.7%, respectively. Capital goods majors Larsen & Toubro and BHEL were up 0.7% each.

State-owned gas transportation services provider GAIL and oil retailer BPCL topped the buying list with more than 2% gains.

Top IT services exporter TCS went up 0.4% whereas its rival Infosys declined 0.4%.

Among metals stocks, Tata Steel and Jindal Steel jumped over 1.5%. Housing finance company HDFC dropped 1.6%.

Private power producer Tata Power and drug manufacturer Cipla fell over 1%.

Most active shares on exchanges were United Spirits, Torrent Power, SBI, Vikas WSP, Reliance Capital, Axis Bank, ICICI Bank and HDFC.