New Delhi, Oct. 28 -- The Indian equity market staged a robust recovery on Monday. The benchmark indices erased Friday's losses to close higher, primarily driven by strong global cues.

The Nifty 50 closed at 25,973.60, while the Sensex ended at 84,802.17, both up around 0.70%. Market sentiment was buoyed by optimism stemming from softer-than-expected US inflation data, which strengthened the case for future Federal Reserve rate cuts, and positive developments in US-China trade talks.

On the sector front, the banking index (Nifty Bank) was a major contributor, along with strong gains in select Cables and Engineering Services stocks. Conversely, the Energy sector faced significant selling pressure. Stock-specific news was prominent, with ...