Mumbai, Oct. 27 -- Domestic equities ended sharply higher on Monday as upbeat quarterly earnings and global cues lifted investor sentiment. The rally was broad-based, with energy, PSU banks and metal stocks leading the charge.

Gains were driven by renewed optimism over progress in U.S.-China trade negotiations, while soft U.S. inflation data strengthened expectations of additional Federal Reserve rate cuts later this year. These factors, combined with a firm rupee and renewed foreign fund inflows, kept risk appetite strong.

Market participants also drew comfort from a robust start to India's festive season demand and better-than-expected earnings from several blue-chip companies.

The S&P BSE Sensex advanced 566.96 points or 0.67% to 84...