Equity market bounced back on Wednesday after a muted opening, lifted by IT and PSU bank stocks, amid renewed optimisim over an India-US trade deal. Sensex rallied over 85,200 level and NIfty crossed 26,000 mark during the session.

According to Vinod Nair, Head of Research, Geojit Investments, market participants will now watch out for tomorrow’s FOMC minutes for further policy signals.

Following an intraday rally of 710 points, Sensex settled 513.45 points or 0.61 per cent higher at 85,186.47 (scaling to a high of 85,236.77), and NIfty 50 climbed 142.60 pts or 0.55 per cent to 26,052.65 (close to the intraday high of 26,074.65)

Volatility eased as India VIX slipped to 11.84, supporting the market’s recovery.

Markets witness a strong resurgence driven by stabilising earnings, robust fe

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