New Delhi, Aug. 31 -- Stock market recap: Indian equities rebounded on Friday, snapping a two-day losing streak, as Nifty 50 climbed 84.80 points, or 0.35%, to close at 24,175.65, while Sensex added 330.92 points, or 0.43%, to settle at 77,264.51.

The rally was led by a sharp surge in IT stocks, after Nvidia's upbeat quarterly results revived global optimism surrounding artificial intelligence, with TCS, Infosys, Wipro, HCL Tech, and Tech Mahindra all gaining more than 2%. Nifty IT jumped more than 3% to emerge as the day's top sectoral performer. Metals, Healthcare, and Pharma also advanced, while FMCG, Consumer Durables, and Banking names lagged. Asian Paints, ICICI Bank, and Shriram Finance were among the notable laggards.

Softer cru...