Sensex rebounds by 166 points

Ignoring Greek woes, the benchmark BSE Sensex on Thursday rebounded by 160 points — after taking a day’s breather — to 27,895.97 on rally in realty and banking shares as Prime Minister Modi launched three projects with major thrust on housing. The index recorded its 9th rise in last 10 sessions due to short-covering from operators in view of the last day of the futures and options June contract. <g data-gr-id="11">Crisis</g> was seen intensifying in Greece after the nation and its international credit were far away from a deal to avert a default. Meanwhile, launching Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Smart Cities Mission, and Housing for All, Modi said urbanisation should be viewed as an opportunity and urban centres as growth engines.