Stock markets rebound strongly, Sensex rallies 879 points, Nifty ends above 22,500

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Benchmark indices Sensex and Nifty rebounded strongly to close significantly higher, supported by value buying and short covering after the recent sharp correction. The 30-share BSE Sensex closed 879.09 points or 1.23 per cent higher at 72,472.33. During the day, the benchmark hit a high of…