US Ambassador's Statement Ignites Market Recovery; India to Join PAX SILICA Group

• US Ambassador Sergio Gore's statement led to a significant market recovery, with Nifty rebounding over 200 points and Bank Nifty climbing 450 points.
• Gore announced that trade talks between India and the US would resume tomorrow, emphasizing India's importance as a partner.
• India is set to join PAX SILICA, a US-led group focused on critical minerals and advanced technology, with an invitation expected next month.
• PAX SILICA aims to secure materials and capabilities for AI and advanced technology among allied nations, including Japan, South Korea, and the UK.
• Despite the recovery, realty stocks saw heavy selling, and Nifty's potential fall below 25300 remains a concern.

Why It Matters: US Ambassador Sergio Gore's positive remarks and India's inclusion in PAX SILICA boosted market sentiment.