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Markets snap six-day losses, banks rise

The 30-share Sensex rose 318.48 points, or 0.96%, to close at 33351.57 while the broader Nifty surged 88.45 points, or 0.87%, on easing trade war fears.

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After six days of a losing streak, markets rebounded on Thursday with banking stocks to ending in green. 

The 30-share Sensex rose 318.48 points, or 0.96%, to close at 33351.57 while the broader Nifty surged 88.45 points, or 0.87%, on easing trade war fears.

Both the indices resumed and continued to be in the green zone throughout the day. This was the biggest single day for Sensex since February 23.

The broader market for the first time this month closed positive on Thursday. Both BSE MidCap and BSE SmallCap index rose 0.56% and 0.50% respectively. 

On the sectoral front, the Nifty PSU Bank rose 2.80% after a few sessions of losing. On BSE, Realty (1.63%), Bankex (1.43%), Energy (1.30%), Finance (1.16%), Capital Goods (1.12%) indices were the main gainers. 

Except, Nifty Metal (0.45%), Nifty FMCG (0.41%) and Nifty Pharma (-0.33%), all the other sectoral gauges ended positive.

Among the Sensex pack, SBI, ICICI Bank, Adani Ports, M&M and Reliance Industries were the main gainers, soaring as much as 4.09%. On the other hand, Tata Steel, Sun Pharma, YES Bank, TCS and Tata Motors were the losing stocks tanking as much as 1.98%. 

The foreign portfolio investors sold shares worth Rs 364.8 crore while domestic institutional investors bought shares worth Rs 675.26 crore on Thursday.

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