He added that globally, sentiments have turned positive with US and China inching close towards the trade deal and investors would watch out for further development on that front.
On Wednesday too, reports of the US and China nearing a trade pact helped the indices revive in the last hour of trade.
After a largely, subdued trade, the BSE Sensex on Wednesday closed at 40,850.29, higher by 174.84 points or 0.43 per cent from the previous close of 40,675.45 points.
It had opened at 40,606.01 and touched an intra-high of 40,886.87 point and a low of 40,475.83 points.
The Nifty50 on the National Stock Exchange closed at 12,043.20, higher by 49 points or 0.41 per cent from its previous close.
"Equity market bounced back in green towards the last leg of the market after being range-bound throughout the day. Market sentiments turned positive post the news that US and China were closer to signing trade deal despite heated rhetoric," Khemka said.
He added that on the sectoral front, all the indices ended in green, except realty.
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