Nifty snaps 3-day losing run, Sensex soars 376 points on rally in blue-chips

In the broader market, the BSE smallcap gauge declined 0.65 per cent and midcap index dipped o.28 per cent

Benchmark Sensex bounced back from early lows to close higher by nearly 376 points on Monday, snapping its four-day losing run following a rally in blue-chips ICICI Bank, HUL and HDFC Bank.

The 30-share BSE Sensex rebounded 375.61 points or 0.46 per cent to settle at 81,559.54. The index opened lower and hit a low of 80,895.05 points in early trade due to weak global trends. Later, it recovered from lows and jumped 469.43 points or 0.57 per cent to hit the day's high of 81,653.36 as European markets opened with gains.

The NSE Nifty went up by 84.25 points or 0.34 per cent to finish at 24,936.40 after three days of fall.