Mumbai: Indian equities snapped a six-day losing streak on Wednesday led by sharp pullback as markets looked oversold in previous sessions with the loss of around 1350 points on the Sensex.
The Nifty added more than 100 points on heavy volumes; volume largely supported by F&O segment.
Disappointing industrial output data dragged the Sensex down over 100 points but the same news shrugged off by markets in second half of trade, helped by positive global cues.
All sectoral indices closed in green barring small loss in capital goods; short covering was led by same shares which got hammered in previous sessions. Realty, Metal, Bank, Auto and Information Technology were the leading sectors with 2-3 per cent rally.
The 30-share BSE Sensex settled at 19534, with gain of 338 points and the 50-share NSE Nifty added 109 points to end at 5,863.
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