Sensex rebounds, up 48 points in opening trade

Mumbai, Nov 25 (PTI) The Bombay Stock Exchange benchmark
Sensex Wednesday recovered by over 48 points in opening trade,
after yesterday's losses on fresh buying by funds and retail
investors amid short-covering by speculators ahead of
tomorrow's expiry in the derivatives segment.
The Sensex, which lost 49.10 points in Tuesday's
volatile trade, gained 48.59 points to 17,179.67 in opening
trade. While, the wide-based National Stock Exchange index
Nifty also moved up by 12.35 points to trade above 5,100
points level at 5,102.90.
Brokers said besides covering-up of short positions by
speculators ahead of tomorrow's monthly expiry in the
derivatives segment, fresh purchases at select heavy-weight
stocks by funds, also helped sentiments to improve.
Stocks of auto, PSU and realty were major gainers,
supporting the Sensex to trade in positive zone with moderate
gains. Among auto stocks, Maruti Suzuki continued its upward
march and gathered another 1.54 per cent to Rs 1,624 as its
sales rose for ninth consecutive month this year.
Besides this, Mahindra and Mahindra rose 2.04 per cent to
Rs 1,089.20, Tata Motors by 0.64 per cent to Rs 653.70 and
Hero Honda by 1.36 per cent to Rs 1,711.
Other gainers were Reliance Industries by 0.50 per cent
to Rs 2,186.95, Rcom by 0.40 per cent to Rs 174.15, Sterlite
Industries by 1.11 per cent to Rs 864, Tata Steel by 0.76 per
cent to Rs 561.65, Infosys Technologies by 0.14 per cent to Rs
2,429.10 and Tata Power by 0.29 per cent to Rs 1,336. PTI SUN
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