Markets posted strong gains on Monday, with the BSE Sensex climbing 566.96 points, or 0.67 per cent, to close at 84,778.84. The NSE Nifty 50 advanced 170.90 points, or 0.66 per cent, to settle at 25,966.05, buoyed by optimism over progress in US–China trade negotiations and softer-than-expected US inflation data that renewed hopes of a Federal Reserve rate cut this week.

“The domestic market witnessed a broad-based recovery owing to progress in the US–China trade talks. Meanwhile, gold prices declined as demand for safe-haven assets waned. Softer-than-expected US CPI data renewed expectations of a Fed rate cut this week, boosting investor confidence,” said Vinod Nair, Head of Research, Geojit Investments Limited.

Top Gainers

Bharti Airtel led the rally, gaining 2.56 per cent to ₹2,

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