Markets snap 3-day losing streak; metals, PSU banks shine

Indian benchmark equity indices snapped three-session losing streak, buoyed by metal and IT stocks, amid a positive trend in global markets after the US Federal Reserve reiterated its dovish policy stance. BSE Sensex climbed 209.36 points or 0.40% to close at 52,653.07, while the broader NSE Nifty advanced 69.05 points or 0.44% to 15,778.45. Tata Steel was the top Sensex gainer, rallying 6.87%, followed by Bajaj Finserv, SBI, HCL Tech, Sun Pharma, Bajaj Finance and Reliance Industries. On the other hand, Maruti, PowerGrid, Bajaj Auto, ITC, Dr Reddy's and HUL were among the laggards, shedding up to 2.21%. Strong buying was seen in quality mid-cap and small-cap stocks after the recent fall, while volatility index contracted by 5%.