The rebound came after reports that US President Donald Trump indicated progress in negotiations with Iran, easing some geopolitical concerns. However, traders remain cautious due to ongoing uncertainty over West Asia tensions and elevated crude oil prices

Indian benchmark indices Sensex and Nifty recovered intraday losses to close higher on May 20. Gains in oil, gas and auto stocks supported the rebound, with Nifty ending at 23,659 and Sensex at 75,318. Analysts say markets remain range-bound ahead of key global cues