The Indian equity benchmarks staged a strong rebound and snapped their two-day losing streak on Tuesday led by gains in Reliance Industries, Bajaj Finance, Infosys, Larsen & Toubro, State Bank of India, Titan and Bharti Airtel. The Sensex rose as much as 862 points and Nifty 50 index reclaimed its important psychological level of 17,200. The markets staged a gap up opening mirroring gains in other Asian markets and steadily built on the gains later in the session on account of short covering rally.