Tech stocks spur market rebound; Sensex up 318 pts; Nifty ends above 10,500

Mumbai: Benchmarks clawed back lost ground on Thursday, as a weak rupee buoyed the appeal of technology shares amid a mixed trend overseas. The BSE Sensex surged over 318 points to close at 34,663, just a day after it had tumbled 306 points following a late-session sell-off. This is the benchmark's biggest single session gain since April 5, when it had surged 577.73 points. The broader National Stock Exchange's Nifty, too, reclaimed the crucial 10,500-mark.

Bargain hunting by investors following the recent market declines and unabated buying by domestic institutional investors supported the upmove, analysts said.

Tata Consultancy Services, Infosys,