Sensex, Nifty Snap Four-Day Losing Streak In A See-Saw Session

India's stock benchmarks snapped a four-day losing streak, aided by gains in metal, power, psu banking and realty stocks. The S&P BSE Sensex and NSE Nifty 50 indexes advanced in a session of two halves in which they declined over 1% in intraday trade before erasing losses.

The Sensex rose 0.34% to 58,664.33. The Nifty 50 advanced 0.5% to 17,503.25. Reliance Industries Ltd. contributed the most to the index gain, increasing 0.9%. JSW Steel Ltd. had the largest increase, rising 4.0%. Today, 40 of 50 shares rose, while 10 fell.

The broader indices outperformed their larger peers with both the S&P BSE MidCap and S&P BSE SmallCap indexes rising above 1.6%. Barring S&P BSE Information Technology index, all the other 18 sectoral indices compiled by the BSE Ltd. advanced with S&P BSE Metal, S&P BSE Power and S&P BSE Utilities gaining over 3%.

The market breadth was skewed in the favour of bulls. About 2,430 stocks advanced, 829 declined and 156 remained unchanged.

• ICICI Bank Ltd. has 1.3 million shares change hands in a bunched trade

• Details of buyers and sellers are not immediately known

Source: Bloomberg

• Infosys Ltd. has 1.7 million shares change hands in a bunched trade

• Details of buyers and sellers are known immediately

Source: Bloomberg