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Sensex gains more than 1 pct, snap three-day losing streak

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Reuters MUMBAI
Last Updated : Jan 19 2016 | 4:13 PM IST

MUMBAI (Reuters) - Indian shares rose more than 1 percent on Tuesday, snapping a three-session losing streak as beaten-down banking and financial stocks and Reliance Industries recovered, while sentiment was also supported by hopes for stimulus measures in China.

The Nifty rose 1.14 percent, posting its biggest one-day percentage gain since Dec. 17. The Sensex gained 1.21 percent.

Reliance Industries rose 2.6 percent, while ICICI Bank gained 2.5 percent.

(Reporting by Karen Rebelo; Editing by Gopakumar Warrier)

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First Published: Jan 19 2016 | 4:05 PM IST

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