MUMBAI: The Bombay Stock Exchange benchmark Sensex on Wednesday snapped a five-day long falling streak by gaining nearly 250 points on emergence of buying primarily in metal and banking stocks.
The 30-share index, which had lost nearly 1,160 points in last five straight sessions, bounced back to record a gain of 249.78 points to 16,525.37, after touching the day's high of 16,563.30 and low of 16,217.78 points.
Wider index Nifty of the National Stock Exchange moved up by 58.55 points to 4,918.35. It touched the day's high of 4,926.90 and low of 4,835.65 points.
The buying activity was more confined to metal, bank and technology stocks. The metal index gained the most by 378.88 points at 16,649.65, followed by banking index at 178.86 points to 7,933.50. Information Technology index spurted by 116.02 points to 4,566.42.
Midcap index rose by 74.62 points at 6,753.53 and smallcap index by 27.01 points at 8,237.09.
