Sensex rebounds 176 points, Nifty reclaims 10,500-mark

The NSE 50-share Nifty also closed higher by 61.60 points, or 0.59 per cent, at 10,504.80 after shuttling between 10,513 and 10,441.45.

Benchmark Sensex rebounded by over 176 points to finish at 33,970 today while the broader Nifty reclaimed the 10,500-mark as investors piled into recently- battered metal, capital goods and consumer durables stocks.

Signage for the Bombay Stock Exchange (BSE) (File/Bloomberg)

The BSE benchmark Sensex opened higher at 33,912.49 and hovered in a range of 33,995.40 to 33,802.13 before finishing at 33,969.64, showing a gain of 176.26 points or 0.52 per cent.

The gauge had lost 263.45 points in the previous three sessions.

The NSE 50-share Nifty also closed higher by 61.60 points, or 0.59 per cent, at 10,504.80 after shuttling between 10,513 and 10,441.45.

Investor sentiment was bolstered after a monthly survey showed the Indian services sector returned to marginal growth in December as new orders broadly stabilised.