Sensex snaps three-session slide show

After strong opening, quickly reclaimed 31k mark

The Sensex snapped its three-session losing streak by recovering 23 points to close at 30,857.32 on short-covering from operators on June series F&O (future & options) expiry coupled with caution ahead of the rollout of the goods and services tax (GST). The gauge, after a strong opening, quickly reclaimed the 31,000-mark to hit a high of 31,097.92, as investors cheered the Cabinet’s decision to approve divestment of the loss-making Air India.

The Sensex had lost 456.42 points in three straight sessions. The Nifty opened higher on Thursday at 9,522.95 and traded in the range of 9,493.80-9,575.80, before closing at 9,504.10, up