Markets rebound sharply amid heavy buying in IT stocks, firm global trends

Equity benchmark Sensex jumped 1,087 points in early trade on Friday helped by heavy buying in IT counters and rally in global stock markets.

The 30-share BSE index was trading 1,087.14 points higher at 58,322.47 in early trade. Similarly, the broader NSE Nifty climbed 317.3 points to 17,331.65.

All the Sensex components were trading in the green, with Infosys trading nearly 4 per cent higher, followed by HCL Technologies, Tech Mahindra, ICICI Bank, HDFC Bank, Larsen & Toubro, State Bank of India, Kotak Mahindra Bank and HDFC Ltd.