Sensex 631 points at 71,987 and Nifty 190 points higher at 21,703

Key domestic equity indices rebounded sharply in today’s afternoon session led by buying action in IT stocks and auto major Bajaj Auto.

The Sensex was 631 points up to trade at 71,987 and Nifty was 190 points higher to trade at 21,703 when reports last came in.