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Sensex Snaps 3-Day Losing Streak, Surges Over 400 Points Led By Banks

The S&P BSE Sensex and NSE Nifty 50 indexes snapped their three-day losing streak led by gains in ICICI Bank, Reliance Industries, HDFC, Axis Bank, Infosys and State Bank of India. The benchmarks opened higher and extended gains in late morning deals as banking and energy shares witnessed good buying interest. The Sensex rose as much as 448 points and the Nifty 50 index briefly surpassed symbolically important level of 12,250.

The Sensex ended 411 points or 1 per cent higher at 41,575 and the Nifty 50 index climbed 119 points or 1 per cent to close at 12,246.

All the 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty PSU Bank index’s nearly 3 per cent gain.

Source: NDTV Profit