New Delhi, Aug. 12 -- Indian stock market benchmarks Sensex and Nifty 50 remained volatile on Tuesday, August 11, following a sharp rally in the previous session that snapped a six-week losing streak. The rebound was powered by value buying, short covering, and selective gains in large-cap stocks.

Two major global developments acted as catalysts for the Indian stock market. First, hopes of progress in the Russia-Ukraine conflict rose after US President Donald Trump announced a planned meeting with Russian President Vladimir Putin on August 15.

Second, Washington and Beijing extended their tariff truce for 90 days, deferring higher duties until November 10 and easing near-term trade tensions.

While these factors buoyed market mood, unde...