The domestic equity indices closed higher on Monday, snapping a three-day losing streak amid buying in IT, auto and selected banking stocks, along with optimism around the potential resolution of the US government shutdown.

Sensex ended the session at 83,535.35, up 319 points or 0.38 per cent. The 30-share index started the session flat at 83,198.20 against last session’s closing of 83,216.28. However, the index rallied around 500 points to hit an intra-day high of 83,754.49 amid heavy buying in tech and automobile heavyweights.

Nifty closed at 25,574.35, up 82 points or 0.32 per cent.

“The potential resolution of the US government shutdown, coupled with renewed FIIs buying driven by a favourable Q2 earnings season, supported a positive sentiment in the market. The rise in the U.S. 10-y

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