MUMBAI: Indian stock markets bounced back on Monday, ending their five-day losing streak after positive signals from the United States lifted investor confidence.
Market sentiment improved sharply after US Ambassador to India Sergio Gor said that the US and India would begin trade talks as early as Tuesday.
His statement triggered fresh buying across key sectors, helping the benchmark indices recover strongly from their day’s lows.
The Sensex jumped nearly 1, 100 points from its lowest level during the session. By the closing bell, the 30-share index settled at 83, 878, gaining 302 points, or 0.36 per cent.