Indian stock markets staged a strong rebound on Friday. The Sensex jumped 879.09 points to close at 72,472.33. The Nifty rose 288.65 points to end at 22,520.45.

The rally followed a sharp selloff on Thursday. Oversold conditions triggered a technical bounce. All sectoral indices ended in the green.

TCS led the gains after strong quarterly results. Adani Ports, Infosys, HCL Tech, Larsen and Toubro, and HDFC Bank were among the major gainers. Reliance Industries was the only laggard in the blue-chip pack.

Foreign investors sold a net Rs 12,944 crore of Indian equities on Thursday. This was their biggest single-day outflow since May. Domestic institutions bought Rs 10,703 crore worth of shares.

Brent crude fell 1.32 per cent to $102.9 per barrel. The rupee traded near 96.72 against the dollar. Market breadth was positive, with small-caps and mid-caps also rising. Gold traded near Rs 1,51,021 per ten gramsAnalysts said the rebound was technical. They advised investors to stay cautious as global cues remain mixed.