Nifty rebounds, up 13 points

The market have rebounded into the positive zone on the back of sustained buying support in PSU bank and IT stocks.

The Nifty is now up 10 points at 8,183, and the Sensex has added 24 points to 27,185.

The CNX PSU Bank index has jumped 1.3 per cent to 4,226, and the IT index has gained 0.8 per cent at 11,016.

Union Bank of India is the major gainer in the PSU banking space. The stock has zoomed nearly 6 per cent to Rs. 241.

Syndicate Bank has rallied 4.5 per cent to Rs. 128. Allahabad Bank and Andhra Bank have surged 3.8 per cent each to Rs. 130 and Rs. 89, respectively.

Indian Overseas Bank has jumped 3.5 per cent to Rs. 59.55. Bank of India and Oriental Bank of Commerce have added 3 per cent each to Rs. 300 and Rs. 339, respectively.

Tech Mahindra is the top gainer in the IT space, up nearly 2 per cent at Rs. 2,566. HCL Technologies has spurted 1.5 per cent to Rs. 1,564.

CMC, Tata Elxsi and Infosys are also up around a per cent each.

The market breadth has turned marginally positive - out of 1,734 stocks traded on the NSE so far, 764 have advanced and 719 declined.