Benchmark indices snap four-session losing streak on China fillip

Gains in index heavyweights such as Reliance Industries and HDFC helped domestic indices post their biggest jump in two weeks

The benchmark indices snapped their four-session losing streak as sentiment towards risky assets improved on hopes that China would take measures to boost its economy.
 
Gains in index heavyweights such as Reliance Industries and HDFC helped domestic indices posts their biggest jump in two weeks. Further, short-covering following successive days of losses accentuated gains, even as overseas investors’ selling exceeded buying by nearly Rs 200 crore.
 
The Sensex closed at 41,323, up 429 points or 1.1 per cent — the most since February 5. The Nifty closed at 12,126 — up 133 points or 1.15 per cent —recouping