Mumbai: The BSE Sensex and Nifty rose over 1.5 percent on Thursday to snap their five-day selling streak as blue chips such as ICICI Bank surged after a global rally and the cabinet`s nod to a nationwide sales tax bill led to unwinding of short positions.
ICICI Bank provisionally rose 4.4 percent, while Larsen & Toubro ended higher 2.7 percent.
The benchmark BSE Sensex provisionally closed 1.52 percent higher, while the broader Nifty gained 1.61 percent, marking their biggest daily gains since Oct. 31.
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