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Sensex up 355 points

MUMBAI: Snapping the losing streak of the past two days, the Bombay Stock Exchange benchmark Sensex gained over 355 points today on revival of buying support in fundamentally strong stocks.
After losing nearly 202 points in the last two days, the 30-share Sensex recovered the lost ground today and added 355.73 points at 16,371.29. Market men said a brisk fag end buying pushed the index up sharply up. The Sensex touched the day's high of 16, 452.08 and a low of 15,884.45 points.
In similar fashion, wide-based National Stock Exchange index Nifty spurted by 111.75 points at 4,942.00, after touching a high of 4,970.80 and a low of 4,796.35 points.
Trading sentiment turned firm following reports of a rising trend in Asian stock markets, discounting a reversal trend in the US Dow Jones and Nasdaq. A major push to the market came in from metal, capital goods, realty, oil and gas and IT stocks.
Metal index surged the most by 800.21 points at 14,654.19, followed by capital goods index by 740.70 points at 14,455.44. Realty index gained 333.63 at 7984.92, oil and gas index by 306.63 points at 10,467.61 and IT index by 178.28 points at 3758.30.
As the buying interest spilled over a wide front, small-cap sector index shot up by 375.20 points at 7901.98 and mid-cap sector index by 246.53 points at 6,522.79

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