Brexit deal helps stocks post longest gaining streak since March

Sensex, Nifty gain for 5th day; auto, banking stocks gain the most

The benchmark indices on Thursday rose by more than a per cent, capping their longest gaining streak in seven months after the European Union (EU) and the UK reached a historic Brexit deal. Most European markets and the US equity index futures rose, while the sterling hit a five–month high, after negotiators from the UK reached an agreement with officials in Brussels that could pave the way for Britain’s departure from the EU.

The benchmark Sensex gained 1.2 per cent, or 453 points, to end at 39,052, while the Nifty50 index added 122 points, or 1.1 per cent, to close