BSE benchmark Sensex on Wednesday raised 184 points, cutting short three-day losses for investors buying recently battered blue chips.
The 30-share Sensex, which had lost 665 points in the last three runs, won 184.40 points to 18,596.02 on increased demand for refinery, consumer durables, and realty and auto sector stocks.
Consumer durable sector index made handsome gains, going for 1.73 percent to 6,874.87 on hopes that better rains would boost crop and improve purchasing power in the rural areas.
Oil & Gas sector follows the next, rising by 1.70 per cent to 9,152.46, powered Sensex leader Reliance Industries that rose by 1.89 percent to Rs 864.55 a piece.
Realty sector rose 1.69 percent to 2,149.83 as the largest developer DLF rose by about 3 percent on reports that HCL Group may buy a stake in its insurance venture.
Among IT stocks, the largest software exporter TCS, recovered some its previous session losses, gaining 0.36 percent Rs 1,150.90 a share. The company will declare results tomorrow. Infosys, which missed market expectations in its first quarterly results, was still down with marginal losses.
Broad-based National Stock Exchange index Nifty rose by 59.30 points to 5,585.45.
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