Mumbai, Sept. 15 -- Indian equity markets rebounded sharply on Tuesday, snapping a five-day losing streak, with the benchmark Sensex gaining over 400 points in early trade and the Nifty crossing the 23,500 mark, led by a strong rally in information technology stocks.

Both benchmark indices opened with a gap-up. The Nifty opened at 23,576.15 against its previous close of 23,398.10, while the Sensex opened at 75,369.63 compared to its previous close of 74,781.76.

The Sensex was trading at around 75,010.74, up 228.98 points or 0.31 per cent, while the Nifty was at 23,457.95, gaining 59.85 points or 0.26 per cent.

The broader market indices also traded in positive territory, while sectoral indices witnessed a mixed trend. Nifty IT emerged ...