Bulls bet on revival of US-India trade talks

Equity indices sharply rebound to close in the green

- ANJANA THERESE ANTONY

THE EQUITY INDICES made a smart comeback on Monday after Sergio Gor,newly appointed US ambassador to New Delhi, said the US and India are actively engaging in trade discussions and that both countries are scheduled to discuss further on the matter on Tuesday.

The Nifty 50 and Sensex, which had fallen almost a percentage during the day, recovered and closed almost 0.4% higher each at 25,790.25 points and 83,878.17 points, respectively. However, the broader market continued to be in the red. The BSE mid-cap index fell 0.4% while the small-cap index was down 0.68%.