Indices snap 4-day losing streak, Sensex up 86 points

Mumbai, Jun 18: Benchmark indices halted their four-day losing streak to end Tuesday’s session higher, lifted by gains in financials and IT stocks.
The benchmark S&P BSE Sensex rose 86 points, or 0.2 per cent, higher to 39,046, with Vedanta, Coal India, Power Grid, ICICI Bank, and HCL Tech among the top gainers. Out of the 30 BSE scrips, 20 ended the day in the green. Nearly 966 shares advanced, 1,571 declined, while 124 remained unchanged.
The broader Nifty50 index climbed 19 points, or 0.17 per cent, to 11,691.5.
Of the 11 Nifty sectoral indices, four ended the session in the red. Nifty IT index gained the highest 0.58 per cent, followed by Nifty Metal index, up 0.5 per cent.
In the broader market, the S&P BSE MidCap index ended the day at 11,543, up 12 points, or 0.08 per cent, while the S&P SmallCap index tumbled 60 points, or 0.4 per cent, to 14,113.
BUZZING STOCKS
Dabur India stocks slid 5 per cent to Rs 382 in morning deals on the BSE after global brokerage firm Goldman Sachs downgraded the stock to ‘sell’ from ‘neutral’.
Shares of Jet Airways crashed 10 per cent in intra-day deals on Tuesday, after State Bank of India (SBI) – led lenders’ consortium moved National Company Law Tribunal (NCLT) to initiate insolvency proceedings against the airline.
Shares of HDFC Asset Management Company (AMC) slipped 7 per cent to Rs 1,802 on the BSE in the early morning deals on Tuesday after the company said it has offered exits to investors of some fixed-maturity plans (FMPs) by transferring Rs 500 crore worth of their exposures to Essel group firms on to its own books.