Sensex rebounds 150 pts, Nifty opens above 9600; Tata Steel up 2%

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Equity benchmarks started off the week on a positive note after seeing consolidation in previous two weeks, backed by positive Asian cues.

The 30-share BSE Sensex was up 126.50 points at 31,182.90 and the 50-share NSE Nifty rose 33.70 points to 9,621.75 while the broader markets gained half a percent.

The market breadth was strong as about three shares advanced for every share falling on the BSE.

Dredging Corporation surged 4 percent on stake sale buzz while Hathway Cable gained 7 percent ahead of its subsidiary IPO launch.

Jayant Agro, Indian Hotels, Hume Pipe, Ujjivan Financial and Cadila Healthcare gained 2-4 percent while Amtek Auto, Videocon Industries and Lanco Infratech fell 4-6 percent.

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