Sensex Ends 568 Points Higher, Snaps Two-Day Losing Streak Led By Metals

HDFC, HDFC Bank, Hindustan Unilever, ICICI Bank, Asian Paints and Larsen & Toubro were among the top movers in the Sensex.

Indian equity benchmarks snapped their two-day losing streak on Friday led by gains in HDFC, HDFC Bank, Hindustan Unilever, ICICI Bank, Asian Paints and Larsen & Toubro. The benchmarks staged a gap up opening on the back of strong global cues and extended gains in noon deals wherein the Sensex rose as much as 795 points and Nifty 50 index touched an intraday high of 14,573. The Sensex ended 568 points or 1.17 per cent higher at 49,008 and Nifty 50 index climbed 182 points or 1.27 per cent to end at 14,507. "Nifty staged a swift recovery from its near-term support around 14,300. Nifty is likely to trade in the range between 14,300-14,700, and it's going to be crucial for the short-term to sustain above 14,300. Technical evidence is aligned to support the bullish case scenario. As such, the investors are advised to buy on intraday correction and look for exit around 14,700-14,750," Ashis Biswas, head of technical research at CapitalVia Global Research told NDTV.