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MUMBAI: Paring its early losses, the Bombay Stock Exchange benchmark Sensex gained 49 points on revival of buying by funds.

The 30-share index, which had lost nearly 100 points at open, rebounded by 49.25 points to 18,005.07 at 1100 hrs.

The wide-based National Stock Exchange index Nifty also rose by 15.20 points to 5,409.10 at the same time.

Marketmen said buying was seen in some of the heavy-weight stocks, which had dropped to attractive low levels in early trade.