Benchmark indices Sensex and Nifty rebounded in early trade as IT stocks rallied and crude oil eased, with Sensex rising 354 points to 73,157.43 and Nifty gaining 96.15 points to 22,726.05. Select IT and bank stocks led gains while some industrials lagged. FIIs sold equities, and global markets, including South Korea and Japan, fell amid US inflation concerns.