Sensex rebounds 347 points after a 5-day losing streak
Indian equity benchmarks Sensex and Nifty ended their 5-day losing streak, their worst in 2018, led by gains in pharma and banking stocks. The Sensex rose 347 points to 36,652 and the Nifty 50 Index climbed 100 points to 11,067. The market sentiment improved after debt-laden infrastructure financier IL&FS' largest shareholder LIC said it won't allow the firm to collapse.