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Benchmark equity indices rebounded on Friday after the previous session’s sharp sell-off, with the

ending above the 25,550 level, supported by buying in banking and metal stocks.

Sensex climbed 316.57 points, or 0.38 per cent, to settle at 82,814.71. During the day, the benchmark gained 633.94 points, or 0.76 per cent, to hit an intraday high of 83,132.08.

Nifty advanced 116.90 points, or 0.46 per cent, to close at 25,571.25, with 36 constituents ending in the green and 14 declining. In intraday trade, the index rose 209.2 points, or 0.82 per cent, to touch a high of 25,663.55.

The rebound followed Thursday’s sharp decline, when the Sensex had plunged 1,236.11 points and the Nifty had slumped 365 points amid heightened geopolitical concerns.

“Indian equities rebounded after yesterday's sharp correction, led by strong buying in large caps as investors favoured their better risk-reward over premium-valued midcaps. Sentiment improved on clearer trade-agreement signals and India's entry into Pax Silica, which is expected to strengthen supply-chain security in AI, semiconductors, and critical minerals,” Vinod Nair, Head of Research at Geojit Investments Ltd, said, PTI quoted.

He added that banking and metal stocks led the recovery while IT shares lagged. Volatility remained elevated even as geopolitical risks persisted.

“Softer inflation data from Japan supported expectations of accommodative global policy. Structurally, markets remain constructive, though near-term moves are likely to stay flow-driven amid global uncertainties,” Nair said.

Asian markets ended mixed, with Hong Kong’s Hang Seng declining 1.10 per cent and Japan’s Nikkei 225 falling 1.07 per cent, while South Korea’s Kospi rose 2.31 per cent.

Mainland China markets remained closed for Lunar Upcoming Year holidays.

European markets including Germany’s DAX, Paris’ CAC 40 and London’s FTSE 100 were trading nearly 1 per cent higher in mid-session deals, while US markets ended lower on Thursday.

Foreign institutional investors (FIIs) offloaded equities worth Rs 880.49 crore on Thursday, while domestic institutional investors also remained net sellers worth Rs 596.28 crore, according to exchange data.

Brent crude, the global oil benchmark, slipped 0.31 per cent to $71.44 per barrel.