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Benchmark indices Sensex and Nifty saw a sharp rebound on Friday after buyers showed interest in blue-chip IT stocks and consumer goods giant ITC. After opening on a flat note the 30-share BSE Sensex rallied to 953.18 points to reach 81905.17 during late morning trade. The NSE Nifty also grew 299.35 points up to 24909.05. From the Sensex firms ITC Eternal Power Grid Tech Mahindra Infosys and HCL Tech were among the biggest gainers. Sun Pharma emerged as the only laggard. In Asian markets Japans Nikkei 225 index and Hong Kongs Hang Seng were trading in the positive territory while South Koreas Kospi and Shanghais SSE Composite index quoted lower. US markets ended largely flat on Thursday. The big FII selling on 20th and 22nd of this month indicates that the FIIs may again turn sellers if the global environment turns unfavourable VK Vijayakumar Chief Investment Strategist Geojit Investments Ltd said. The silver lining was Indias strong macros particularly the resilient growth and declining inflation and interest rates he said. Global oil benchmark Brent crude dipped 0.57 per cent to USD 64.07 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5045.36 crore on Thursday according to exchange data. Top gainers in the opening session included Grasim Trent ITC BEL and SBI Life. On the other hand top losers were Sun Pharma Dr Reddy M&M Titan ONGC and Cipla. In stock-specific updates Grasim reported a 9.2 per cent year-on-year rise in Q4 FY25 profit to Rs 1495.9 crore. Sun Pharmas revenue for FY25 went up by 8.4 per cent to Rs 52578.4 crore. On the institutional front foreign institutional investors (FIIs) sold equities worth Rs 5045 crore in the cash market on May 22 while domestic institutional investors (DIIs) bought equities worth Rs 3715 crore. On Thursday the BSE Sensex tanked 644.64 points or 0.79 per cent to settle at 80951.99. The Nifty tumbled 203.75 points or 0.82 percent to 24609.70. (With Inputs From Agencies)