Mumbai: The Indian equity indices experienced a sharp rally on Tuesday, buoyed by the resumption of India-US trade talks and Fed rate cut expectations.

Sensex closed at 82,380.69, up 594.95 points or 0.73 per cent. The 30-share index started the session slightly up at 81,852.11 against last session’s closing of 81,785.74. The index extended the momentum further following value buying across the segments, excluding FMCG, amid positive global cues. It touched an intraday high at 82,443.48.

Nifty ended the session at 25,239.10, up 169.90 points or 0.68 per cent.

“The domestic market sustained its recovery trend, supported by favourable global cues on expectations of a 25 bps rate cut in the forthcoming US Fed policy decision and renewed optimism surrounding the resumed India-US trade negot

See Full Page