Markets rebound in early trade amid global rally on Monday

New Delhi: Equity benchmark indices Sensex and Nifty rebounded in early deals on Monday in tandem with a rally in global markets and buying in ICICI Bank and Reliance Industries.

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The 30-share BSE Sensex jumped 411.15 points to 74,141.31 in early trade. The NSE Nifty went up by 94.2 points to 22,514.15.

From the Sensex basket, ICICI Bank climbed nearly 2 percent after the company on Saturday said its March quarter consolidated net profit grew 18.5 percent to Rs 11,672 crore, helped by lower provisions.

IndusInd Bank, Tech Mahindra, Maruti, Sun Pharma, Reliance Industries and Tata Steel were the other major gainers.

HCL Technologies, Mahindra & Mahindra, ITC and Power Grid were the laggards.

Wall Street ended with gains on Friday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,408.88 crore on Friday, according to exchange data.

The BSE benchmark tanked 609.28 points or 0.82 percent to settle at 73,730.16 on Friday. The NSE Nifty declined 150.40 points or 0.67 percent to 22,419.95.

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