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May 15, 2012 05:14 PM IST | Source: Reuters

Sensex snaps 5-day losing streak; L&T gains

SENSEX-SNAPS-5-DAY-LOSING-STREAK-LT-GAINS:Sensex snaps 5-day losing streak; L&T gains

MUMBAI (Reuters) - The BSE Sensex snapped five days of falls to gain on Tuesday as Larsen & Toubro surged after its results, while an improvement in global risk sentiment and the RBI's intervention in currency markets helped provide some stability.

Larsen & Toubro rose 5.4 percent. Recently battered blue chips also recovered, with Infosys ending up 3.3 percent, while ICICI Bank added 2 percent.

The Sensex rose 0.69 percent to 16,328.25 points, while the 50-share Nifty added 0.71 percent to 4,942.80 points.

(Reporting by Manoj Dharra; Editing by Rafael Nam)

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