Nifty jumps most in 2 years as trade tensions ease; Sensex rises 578 points

Thaw in US-China ties, RBI's dovish tone fire up stocks

Market barometers on Thursday were propelled by easing concerns over trade war between the US and China as well as the Reserve Bank of India’s (RBI’s) dovish stance on key rates.

The benchmark Sensex gained 578 points, or 1.75 per cent, to close at 33,597. The 50-share Nifty closed at 10,325, up 197 points, or 1.94 per cent, the most since May 25, 2016. A day earlier both indices had slumped more than 1 per cent amid escalating trade tensions between the two largest economies.

Investors took comfort after a standoff over trade between the two countries showed signs of easing. Domestically,