Mumbai, Sept. 10 -- Domestic equity benchmarks closed with strong gains on Wednesday, tracking firm global cues. The Nifty 50 ended above 24,950, lifted by IT and PSU bank stocks.

US President Donald Trump said his administration was in talks with India to resolve trade barriers and planned to speak with Prime Minister Narendra Modi. The remarks raised hopes of a breakthrough after weeks of tensions.

Expectations of a US Federal Reserve rate cut next week further buoyed investor sentiment.

The S&P BSE Sensex added 323.83 points or 0.40% to 81,425.15. The Nifty 50 index rose 104.50 points or 0.42% to 24,973.10.

Bharat Electronics (up 4.26%), Bajaj Finance (up 2.19%) and Infosys (up 1.85%) boosted the Nifty today.

The broader market ou...