Indices snap 4-day losing streak, Sensex gains 85 pts

Benchmark indices ended volatile session marginally higher and snapped four-day losing streak, driven by select banks and IT stocks.

The BSE Sensex rose 85.55 points to 39,046.34 and the Nifty50 gained 19.30 points at 11,691.50. The market breadth was in favour bears as about 1,546 shares declined against 964 advancing shares on the BSE.

ICICI Bank, Infosys, HCL Technologies, TCS, Vedanta, Coal India, Power Grid, Ultratech Cement and BPCL were gainers among Nifty50 stocks.

Indiabulls Housing Finance fell 7 percent. Maruti Suzuki, Hindalco, Sun Pharma, Axis Bank and HDFC were down 1-2 percent.

Jet Airways plunged over 40 percent after landing in bankruptcy court.

Reliance Infrastructure, Reliance Capital, Jain Irrigation, Kaveri Seeds, IRB Infrastructure and Arvind were down 5-20 percent.

Praj Industries, SRF, Shriram Transport, Varun Beverages, LG Balkrishnan, IOL Chemicals gained 3-7 percent.
 

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