New Delhi, India (BBN)-The BSE benchmark Sensex snapped its five-day losing streak on Wednesday supported by gains in capital goods, pharma and banking stocks.
The 50-share Nifty settled above its crucial psychological level of 8,400 led by gains in blue-chip counters like Hindustan Uniliver, Larsen & Toubro, TCS and Sun Pharma, reports NDTV.
Today's trading session turned highly volatile in the noon deals and the Nifty came close to breaking its 200 day moving average, considered to be a strong support for markets.
Analysts termed the sharp selloff in the noon deals as a kneejerk reaction to the government's forecast of weak monsoon rains.
BBn/SK/AD-22Apr15-4:30pm (BST)