13 July 2011

Sensex snaps 3-day losing streak, ends 184 pts higher


Indian equity benchmarks saw nice pull back on Wednesday and broke three-day losing streak, with rising 1%. Recovery was majorly led by short covering in banking, metal, telecom, auto and select infrastructure companies' shares. Oil & gas stocks too supported the market.
The 50-share NSE Nifty tried to touch the 5,600-mark in the late trade, before closing up 59 points at 5,585 with support from 44 stocks.

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