Mumbai, April 29 -- The equity benchmark indices Sensex and Nifty rebounded sharply on Wednesday, driven by buying in blue-chip stocks and firm cues from Asian market. Value buying emerged across key sectors after the previous session's decline, while broadly stable earnings, helped steady sentiment. Attractive valuations, strong domestic inflows and bargain hunting supported the upmove. Optimism over a possible early resolution to the ongoing Middle East conflict also lifted investor confidence, with the Nifty 50 closing above the 24,150 mark, led by gains in FMCG and auto stocks.

The S&P BSE Sensex climbed 609.45 points or 0.79% to 77,496.36. The Nifty 50 index jumped 181.95 points or 0.76% to 24,177.65.

ITC (up 3.86%), Reliance Indus...