Mumbai, Aug. 7 -- The domestic equity benchmarks staged a late rebound on Thursday, with the benchmark indices managing to shake off early jitters and end slightly in the green. The turnaround came in the final trading hour, coinciding with the weekly expiry of Nifty derivatives, as bargain hunters stepped in and buying momentum picked up. Sentiment, initially weighed down by the U.S. administration's surprise announcement to double tariffs on Indian exports, found relief after top brokerages downplayed the long-term impact on India Inc. While the August 27 deadline looms large, analysts noted that negotiations remain on the table, tempering fears of an all-out trade hit.

The Nifty 50 opened at 24,464.20 and briefly ticked higher, but th...