Author: Elena Todorova
123jump.com
Last Update: 10:49 AM EDT July 10 2006

The market rebounded today after a sharp fall in the previous two trading sessions on strong Asian markets, lower crude oil price and short-covering in derivatives. Volatility was high as the benchmark Sensex moved in the trading range of 243 points. IT stocks soared on hopes of an upward revision in earnings and revenue guidance and cement shares advanced on hopes of strong first-quarter results.