Nifty 50 and Sensex recovered sharply from the day’s low on Monday after comments by US Ambassador to India Sergio Gor on ongoing trade talks lifted investor sentiment.

At 02:05 PM, Nifty 50 was trading at 25,730 points (257 points above its intraday low of 25,473 points), meanwhile the Sensex was trading at 83,690 points (829 points above its intraday low of 82,861 points).

The markets staged a swift recovery after Gor said, “Many of you have asked me for an update on the ongoing trade deal negotiations. Both sides continue to actively engage. In fact, the next call on trade will occur tomorrow.”

“No partner is more essential than India. In the months and years ahead, it is my goal as ambassador to pursue a very ambitious agenda. We will do this as true strategic partners, each bringing strength, respect and leadership to the table,” he added.

Pax Silica Summit

Gor also announced that India will be a member of the Pax Silica alliance, signalling a potential expansion of the technology-focused grouping as engagement between India and partner countries deepens.

At the inaugural Pax Silica Summit in 2025, India was excluded from the US-led ‘Pax Silica’ initiative, triggering sharp political criticism. This is a strategic initiative to build a secure, resilient, and innovation-driven silicon supply chain. Moreover, it aims at reducing China’s dominance and counter coercive dependencies across critical minerals, energy inputs, semiconductors, advanced manufacturing, AI infrastructure, and logistics.

As per media reports over the past year, US officials have described India as a key partner in efforts to diversify electronics manufacturing and build resilient supply chains for critical technologies, including semiconductors.

In addition, Japanese officials have also spoken publicly about deepening cooperation with India on semiconductor supply chains and technology manufacturing resilience, particularly under Indo-Pacific economic frameworks.