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Markets end five-day losing streak


Mumbai : Piggybacking on strong global markets, Indian equities markets broke a five-day losing streak and ended with substantial gains Wednesday. The strong rally was supported by sectors like realty, power and metals.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,816.94 points and notched a high of 17,140, gained by 341.13 points at the day’s close at 16,949.14.

The broader 50-share S&P CNX Nifty index on the National Stock Exchange, which opened at 4,836.55 points, closed at 4,929.45, up 91 points, after touching the day’s high at 4,986.55.

The BSE Midcap index, which closed at 7,075.53 points, went up by 17.15 points or 0.24 percent.

However, the BSE Smallcap index, which closed at 9,049.70 points, went down by 123.98 points or 1.35 percent.

On BSE, the market breadth was negative with about 900 scrips advancing, 2,068 stocks declining and 47 shares remaining static.

The top gainers of the day were Tata Steel, ITC and BHEL. The top losers were Cipla, Reliance Communication and Bajaj auto.