Market rebounds: Sensex in green; SBI up 3%, ITC tanks 2%

The market recovers early losses with support from metals, oil & gas and bank stocks. The Sensex is up 7.89 points at 26789.33 and the Nifty is down 10.60 points at 8057.00.

About 902 shares have advanced, 1676 shares declined, and 78 shares are unchanged.

Metal index is up over 1 percent led by Sesa Sterlite, Tata Steel and Hindalco. SBI and ONGC are up 2-3 percent each. ITC is still down 3 percent while Tata Power, Cipla, Hero Moto and Sun Pharma are still dragging 2 percent each.

Japanese stocks rose moving away from a 6-1/2-week low as hopes of a continuation of the US Federal Reserve's dovish stance helped sentiment recover, while Japan Tobacco Inc tumbled.

The Nikkei benchmark ended 0.4 percent higher at 16,819.73, moving away from 16,672.94 hit earlier in the day, the lowest level since October 31. The broader Topix shed 0.1 percent to 1,352.01, while the JPX-Nikkei Index 400 dropped 0.2 percent to 12,259.36. More information please visit this site www.bigprofitbuzz.com