The Indian equity markets have regained its strength again after lull seen in previous four sessions, supported by the buying across the board. The local bourses after witnessing a massive sell off in the previous session followed by soft start in the morning session have managed to showcase a smart turnaround on the back of bargain buying of select stocks by funds and retail investors despite mixed global cues. As on the global front, Defensive shares led a overnight rebound in U.S. stocks on Thursday. However, the Asian stocks were trading mixed at this point of time since Japanese companies reported earnings that were hurt by the nation's worst earthquake amidst China bolstering measures to combat inflation.