The Indian stock market rebounded after opening lower led by gains in ICICI Bank, Tata Motors and Tata Steel. The Nifty 50 Index reclaimed its crucial psychological level of 10K. Asian stock markets trade higher on Monday as investors in Asia awaited the release of China Caixin services PMI. Meanwhile, Nifty Pharma Index is gaining on bourses among the sectoral indices on NSE. The Indian rupee strengthened marginally against the US dollar in opening trade tracking gains in Asian currencies market.