Plus   Neg

Sensex, Nifty Snap Six-day Losing Streak

Indian shares rebounded from six days of losses on Thursday as trade tensions showed signs of easing amid expectations that U.S. trade tariffs are likely to be differentiated by country and product.

A steep fall in oil prices overnight and reports of Air India disinvestment also offered some support as investors looked ahead to the ECB and BoJ meetings as well as Trump's final announcement of tariffs on steel and aluminum imports.

The benchmark BSE Sensex closed up by 318.48 points or 0.96 percent at 33,351.57, while the broader Nifty index rose 88.45 points or 0.87 percent to close at 10,242.65.

Mahindra & Mahindra, Reliance Industries, Adani Ports, ICICI Bank and SBI jumped 2-4 percent in the Nifty pack, while Tech Mahindra, Yes Bank, Hindalco, Tata Steel and Sun Pharma dropped 1-3 percent.

Airline stocks ended mixed after the Competition Commission slapped a total penalty of more than Rs 54 crore on three airlines for unfair business practices. Jet Airways lost 2.4 percent, while InterGlobe Aviation closed marginally higher and SpiceJet soared 7.3 percent.

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