Mumbai, Oct. 29 -- The headline equity benchmarks closed with modest gains on Wednesday, lifted by upbeat global cues. Investor sentiment improved ahead of an anticipated U.S. Federal Reserve rate cut and renewed optimism over a possible U.S.-China trade truce. The Nifty ended above the 26,050 level, driven by gains in energy and metal stocks.

The S&P BSE Sensex, surged 368.97 points or 0.44% to 84,997.13. The Nifty 50 index added 117.70 points or 0.45% to 26,053.90.

Adani Ports & SEZ (up 2.78%), Adani Enterprises (up 1.65%) and Reliance Industries (up 1.14%) boosted the indices today.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.68% and the S&P BSE Small-Cap index rose 0.56%.

The market bre...