Sensex, Nifty close on positive note; market breaks three-day losing streak

In a highly volatile session, value-buying by investors in recently-battered banking, oil and gas, and automobile stocks reversed the three-session losing streak, helping the Sensex and Nifty to close on a positive note on Monday.

The Sensex swung over 660 points both ways on alternate bouts of selling and buying. The 30-share Sensex touched a high of 34,636.43 on the back of sustained buying by domestic institutional investors, but later turned choppy and hit a low of 33,974.66 as selling pressure gathered momentum.

However, amid buying towards the fag-end, it recovered to close the day higher by 97.39 points, or 0.28 per