New Delhi, Jan. 12 -- The Indian stock market benchmarks, the Sensex and the Nifty 50, snapped their five-day losing streak on Monday, January 12, on value buying in an oversold market after indications that the US and India were working towards resolving their tarde deal differences.

The benchmarks staged a sharp recovery during the session. The 30-share pack was down more than 700 points at 82,861 at one point in the first half of the session, but finally ended at 83,878.17, up 302 points, or 0.36%. From the intraday low, it was a solid 1,017-point rebound. The Nifty 50 closed the day with a gain of 107 points, or 0.42%, at 25,790.25.

(This is a developing story. Please check back for fresh updates.)

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