Sensex, Nifty Snap Three-Day Losing Streak Led By Metal Shares

On the IPO front, Tatva Chintan Pharma made a stellar debut on the bourses. The shares of the specialty chemical maker listed at Rs 2,111.80 on the BSE.

The Indian equity benchmarks snapped their three-day losing streak led by strong buying interest in metal and PSU banking shares. The Sensex rose as much as 333 points to hit an intraday high of 52,777.18 and Nifty 50 index briefly moved above its important psychological level of 15,800. The benchmarks staged a gap up opening and held on to gains as futures and option contracts for the month of July expired. The Sensex ended 209 points or 0.4 per cent higher to close at 52,653 and Nifty 50 index rose 69 points to close at 15,778. On the IPO front, Tatva Chintan Pharma made a stellar debut on the bourses. The shares of the specialty chemical maker listed at Rs 2,111.80 on the BSE, a premium of 95 per cent compared to the issue price of Rs 1,083.