Sensex snaps 5-day fall, gains 88 pts

December 14, 2012 17:28

The BSE benchmark today snapped a five-day losing streak by closing 88 points higher, as hopes of a rate cut by RBI as early as January 2013 got a boost, with headline inflation declining to 7.24 per cent in November.

After losing 258 points in past five sessions, the Sensex bounced back from two-week lows today to end at 19,317.25, registering a gain of 87.99 points or 0.46 per cent.

After remaining listless in early trade, the 30-share index assumed direction after data showed inflation declined to 7.24 per cent in November from 7.45 per cent in October.

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