Stock Market LIVE Updates: Sensex, Nifty set for sharp gap-up as India–US trade deal cuts tariffs to 18%

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Market recap: Sensex, Nifty rebounded sharply on Monday

Indian equity benchmarks staged a strong rebound in the previous session after the sharp Budget-day sell-off. The Sensex surged 944 points, or 1.17 percent, to close at 81,666, while the Nifty climbed 263 points, or 1.06 percent, to 25,088, aided by short covering and selective buying in index heavyweights.