Mumbai, Oct. 16 -- Domestic equity benchmark indices on Thursday witnessed a sharp rally buoyed by positive global cues and renewed optimism surrounding India-US trade discussions.

At the end of the trading session today, Nifty50 at the National Stock Exchange (NSE) was up 261.75 points at 25,585.30, while BSE Sensex stood at 83,467.66, up 862.23 points.

Both Sensex and Nifty rose over one per cent each during the trading session.

The rally was largely driven by heavyweight large-cap stocks, with Axis Bank, Kotak Mahindra Bank, ICICI Bank, and Reliance Industries contributing significantly to the upmove.

On the sectoral front, the market breadth was broadly positive, with all sectoral indices closing in the green except Nifty PSU Bank...