Buy or sell stocks, Aug. 8 -- The key benchmark indices of the Indian stock market - Nifty 50 and Sensex - staged a sharp late-hour rebound on Thursday, August 7, paring deep intraday losses to close marginally higher. Risk sentiment improved on renewed hopes of diplomatic dialogue between the US and Russia. Optimism was further fueled by reports of potential peace talks involving Trump, Putin, and Zelensky, reviving expectations of a more dovish US stance on trade.

The Nifty 50 index started the session on a soft note and dragged lower in the first half on the back of US President Donald Trump imposing an extra 25 per cent tariff on Indian exports, raising the overall duty to 50 per cent. The move is a retaliatory measure in response to...