Mumbai, 19 Nov

Equity benchmark indices rebounded on Wednesday as IT stocks rallied and domestic institutional investors continued strong buying amid rising optimism over an India US trade deal.

The Sensex jumped 513 points, or 0.61 per cent, to 85,186, while the Nifty rose 143 points, or 0.55 per cent, to 26,053.

HCL Tech, Infosys, Tata Consultancy Services, Hindustan Unilever, Sun Pharma and Titan led the gains, while Tata Motors Passenger Vehicles, Maruti, Adani Ports and Bajaj Finance declined.

Commerce and Industry Minister Piyush Goyal said “you will hear good news” on the proposed India-US trade pact once it is fair and balanced.

Asian markets were mixed, European markets traded lower, and US indices ended in the red on Tuesday.

FIIs sold equities worth Rs 728.82 crore, while DIIs bought Rs 6,156.83 crore. Brent crude slipped 0.39 per cent to USD 64.64 per barrel.