With RIL boost, markets see green; Sensex, Nifty end 4-day losing run

Powered by a rally in index heavyweight Reliance Industries, equity benchmark Sensex broke its four-session losing run to close above the 55,000-mark on Thursday despite a weak trend overseas.

Investors made a cautious return to IT, pharma and bank stocks after their recent sell-off. However, a depreciating rupee and persistent foreign fund outflows capped the gains, traders said.

Overcoming a lacklustre start, the 30-share BSE Sensex surged 427.79 points or 0.78 per cent to close at 55,320.28.

Similarly, the broader NSE Nifty advanced 121.85 points or 0.74 per cent to finish at 16,478.10.

Dr Reddy's topped the Sensex gainers' chart