Markets rebound on buying in IT stocks; Sensex jumps 726 points

Equity benchmark indices staged a smart recovery and were trading higher during the afternoon trade on Friday amid buying in IT stocks and firm trends in Asian markets.

Recovering all the early lost ground, the BSE Sensex jumped 726.16 points to 83,223.26 during the afternoon trade. The NSE Nifty also climbed 203.3 points to 25,453.40.