Sensex climbs 292 points to 71,876 as IT stocks lead early rebound

Indian stock markets rebounded in early trade, with the 30-share BSE Sensex rising 292 points to 71,876.10 and the broader 50-share NSE Nifty gaining 84.60 points to reach 22,310.40, as buying activity in information technology stocks lifted sentiment.

TCS was among the frontrunners powering the advance, with the IT sector providing the primary momentum behind the morning rally. Technology counters were closely watched by investors ahead of the session, with the sector firmly in focus.

Global factors continued to weigh on the broader outlook, with Brent crude hovering near 104 dollars a barrel amid ongoing tensions in the Middle East. Oil prices at elevated levels have the potential to stoke inflationary pressures, though domestic equity markets shrugged off the concern in early hours.

The morning gains reflected a degree of resilience among investors, with market participants choosing to focus on corporate performance in the technology space rather than the uncertain global backdrop.