(With agency inputs)

NEW DELHI: Equity indices on Monday saw their best day in over three months with the benchmark BSE sensex surging 793 points after the government rolled back the enhanced surcharge on foreign portfolio investors, and unveiled a slew of measures to boost the economy. Hopes of progress in the US-China trade talks also helped boost investor sentiment.The 30-share index closed 792.96 points or 2.16 per cent higher at 37,494.12. While, the broader NSE Nifty rose 228.50 points or 2.11 per cent to end at 11,057.85.Top gainers in the sensex pack include HDFC, Yes Bank, Bajaj Finance, ICICI Bank, HDFC Bank, LT, SBI, Axis Bank, and Kotak Bank with their shares rising as much as 5.37 per cent. 22 out of 30 stocks ended in green.Vedants, Sun Pharma, Hero MotoCorp, Tata Steel, Reliance, Tata Motors, Maruti, and Bajaj Auto were the losers in the sensex pack, with their stocks down as much as 2.07 per cent.On the NSE platform, except for Nifty Metal, all other sub-indices ended in green with Nifty Financial Services, Realty, Bank rising up to 4.00 per cent.Riding on a wave of economic stimulus optimism, the 30-share sensex opened over 663 points higher, but global volatility wiped out its gains as the session progressed. It swung 1,052 points during the day before settling at 37,494.12. The index, however, made a roaring comeback in the later half tracking news about US-China trade talks resumption.Giving in to the demands of overseas investors, finance minister Nirmala Sitharaman on Friday, after market hours, announced rollback of enhanced surcharge on foreign portfolio investors (FPIs)levied in the Budget.The Budget proposal to hike surcharge on FPIs had spooked foreign investors, who withdrew more than $3.4 billion (Rs 24,500 crore) from domestic equities in July and August. The massive capital outflows also put pressure on the rupee, which slumped to 72-level against the US dollar last week."Indian markets opened higher following policy stimulus announcement by finance minister on Friday with a raft of measures," Narendra Solanki, head fundamental research (investment services) - AVP equity research, Anand Rathi Shares & Stock Brokers told news agency PTI."Domestic markets recovered from the day's low in afternoon session as news of China's willingness to negotiate on US-China trade raised hopes of traders added to the already positive domestic sentiments," Solanki added.China's yuan recovered after slumping to a fresh 11-year low against the dollar on Monday, following comments by the US President Donald Trump on the sidelines of the G-7 summit revived hopes for a de-escalation in the on-going trade war.However, Asian markets closed with significant losses as investor worries grew over the ever-lasting US-China trade war, though sentiment revived in other markets, including India and the Europe, after the news broke out about a possible resumption of talks between the two major economies.Meanwhile, the Indian rupee depreciated 36 paise to 72.02 against the US dollar.