Stocks rebounded on Friday with the Sensex leaping 759 points amid a broad-based rally sparked by the easing of geo-political tensions.

The 30-share gauge rallied 759.05 points to end at 79802.79 after soaring 880.16 points during intra-day trades to 79923.90.

The NSE Nifty gained 216.95 points to 24131.10. The Sensex had plummeted more than 1190 points on Thursday.

Market circles said the choppiness is because stocks have been largely reacting to global cues. However, they could come under pressure again on Monday on the back of the disappointing growth numbers that were released after market hours on Friday.

Bharti Airtel was the top gainer in the Sensex group as it rose 4.30 per cent.

``The markets will be seen reacting to the weak second quarter GDP data for India which came at 5.4 per cent against an expectation of 6.5 per cent and China’s manufacturing PMI which will be declared on Saturday. Investor sentiments going forward will be directed by geo-political developments and FII activity. We expect the market to remain range-bound amidst mixed global cues and lack of domestic triggers,’’ Siddhartha Khemka of Motilal Oswal Financial Services said.

Rupee falls

At the forex markets, the rupee closed at 84.48 to the dollar against the previous close of 84.44.

While the domestic unit began on a weak note at 84.48, it was supported by intervention from the Reserve Bank of India (RBI).

The rupee has been under pressure due to an overseas rally in the dollar, FII outflows from the equity markets and month end demand for the US unit from importers.