Mumbai: The BSE Sensex on Monday snapped its five-day long falling streak by gaining 124 points on emergence of buying by funds in all major stocks at the existing lower levels.

The 30-share index, which had been on falling spree last week, opened lower but rebounded to record a gain of 123.83 points to 16,860.90.

The key-index touched the day's low of 16,546.55 and a high of 16,897.36 points.

Similarly, the wide-based National Stock Exchange index, Nifty, rose by 30.05 points to 5,012.65, after touching a low of 4,913.80 and a high of 5,021.75 points.

The market rebounded on the back of a rise in oil and gas, information technologies, bank, FMCG, teck, metal and power sector stocks.

However, realty and auto sector stocks remained weak and influenced trading sentiment to some extent.

Source : PTI