Mumbai, Jan. 12 -- Domestic equity benchmarks snapped a five-day losing streak on Monday after a sharp intraday rebound. The move was driven by positive global cues, value buying and reassuring comments on India-US trade ties from newly appointed US Ambassador to India Sergio Gor. The Sensex, which was down over 700 points in early trade, recovered more than 1,000 points from the day's low by the close. The Nifty also climbed back above the 25,790 level as sentiment improved, with metals, PSU banks and energy stocks leading the recovery.

The market reacted after Gor said India and the US remain actively engaged on trade and that talks are continuing despite differences. He also conveyed greetings from President Donald Trump to Prime Mini...