Sensex rebounds in pre-close trade

The Bombay Stock Exchange benchmark Sensex rebounded in pre-close trading on Thursday by rising over 114 points on emergence of buying by funds.

The Bombay Stock Exchange benchmark Sensex rebounded in pre-close trading on Thursday by rising over 114 points on emergence of buying by funds.

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The Sensex, which had dropped to 16,494.92 points in early trade, wiped off all the losses to trade higher by 114.60 points at 16,834.10 at 1500 hrs.

Similarly, the wide-based National Stock Exchange index Nifty rose by 46.75 points at 5,016.70 at the same time. The Nifty had touched a low of 4,904.05 in early trade on Thursday.