Bank Nifty Recovers 650 Pts Amid US Ambassador's Positive Trade Deal Comments

• Bank Nifty recovered 650 points from its intraday low, reclaiming 59,500 on January 12.
• The recovery was spurred by US Ambassador Sergio Gor's comments on the India-US trade deal.
• Gor stated India is an 'essential partner' to the US and a trade deal call is expected soon, with President Trump potentially visiting India.
• Analysts noted that positive news on the India-US trade deal could lead to a market rally.
• IndusInd Bank, ICICI Bank, SBI, AU Small Finance Bank, Yes Bank, and Union Bank of India were among the top gainers.

Why It Matters: Bank Nifty surged due to optimistic remarks from the US Ambassador regarding the India-US trade deal.