The Indian stock markets bounced back strongly on Friday with both the Sensex and Nifty rising sharply during the intra-day trade after a cautious start. The rally was driven by positive global cues and heavy buying in the IT and FMCG stocks.

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The domestic benchmark indices opened marginally up on Tuesday amid positive global cues, as buying was seen in the auto, PSU bank and financial services sectors in the early trade.


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Among the sectoral indices, Nifty IT gained the most, up by 1.49 per cent. Fin service, FMCG, realty, metal, energy and auto were the major gainers.

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In what is termed as 'Black Monday', the Sensex opened at 78,588.19 against its previous close of 80,981.95 and soon crashed 3 percent to the level of 78,580.46.

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