India, June 5 -- Following a surge in global stocks fueled by anticipated relief in the US-China trade talks and the RBI's Monetary Policy Committee's anticipated rate cuts on Friday, Indian benchmark equity indices ended a three-day losing skid on Wednesday.

Strong US job data and indications of an easing of US-China trade tensions were among the favorable global cues that helped the domestic market trade in a narrow range with a slight upward tilt. Moderation in valuation and better-than expected profit growth drove the outperformance of mid- and small-cap equities. With hopes of a rate drop and more clarity on the GDP and inflation forecast for the future, investors are now concentrating on the RBI policy meeting that begins today. I...