A slight ease in crude oil prices along with value buying and a strong rupee aided the benchmark Sensex to snap its longest consecutive sessions fall in the last eight years on Wednesday.
Major indices Sensex and Nifty fell for the ninth consecutive trade session on Tuesday after heavy selling in the final hour of the trade on account of profit booking.
The Sensex advanced over 130 points during the Tuesday morning trade session as it opened higher with key banking and finance sectors gaining.
The Sensex and Nifty declined after opening on a flat to positive note on Monday led by selling in auto, IT and FMCG stocks.
Rising global crude oil prices, along with heightened tensions between India and Pakistan, dragged the Indian equity market on Monday, with the key equity indices closing lower for the 8th consecutive
The Sensex gained close to 140 points after opening higher on Friday while the Nifty logged slight gains to trade above the 10,750 mark.
Sharp jump in Brent crude oil price along with subdued quarterly earning results and a weak rupee pulled the key equity indices lower for a sixth straight session on Thursday.
The key Indian equity indices traded in the green on Wednesday afternoon, supported by easing retail inflation and firm global markets.
Key indices Sensex and Nifty succumbed to the final-hour selling pressure after trading in the green for the better part of Wednesday's session on account of easing inflation giving way to expectation