New Delhi, Aug. 8 -- A rebound in Indian stocks may be on the horizon after foreign investors' bearish bets reached extreme levels on Wednesday, a day ahead of a smart recovery underscored by investor belief that US-India tariff tensions could abate following news of a possible Putin-Trump meeting next week.

The benchmark Nifty 50 index on Thursday recovered from a low of 24,344.15 to close up a tenth of a percent at 24,596.15 in the last two hours of trading, data from the National Stock Exchange (NSE) shows.

"Markets believe that growing chances of a peace deal in Ukraine could ease the US-India tariff tensions, which is why they probably recovered on Thursday," said Ashish Gupta, CIO, Axis MF. "I would wait and see how the situation ...