Sensex rebounds 347 points after 5-day fall, DHFL shares slump 23%

After a volatile session, the BSE Sensex and the Nifty 50 ended with gains on Tuesday, breaking a 5-day losing streak, led by gains in pharma and banking stocks. The Sensex closed 347 points up led by market heavyweights HDFC twins and Infosys. The Nifty 50 reclaimed the 11,000 lever and settled at 11,057. However, housing finance stocks extended losses led by DHFL, which fell 23%. The rupee traded below the 72.5 level amid rising crude oil prices.In global markets, stocks in Europe edged higher following a mixed session in Asia after another round of US-China tariffs kicked in and as investors were cautious ahead of the Fed rate decision. Brent crude prices traded above $80 a barrel as OPEC and its allies signalled less urgency to boost output despite US pressure. Moreover, the US Federal Reserve begins its two-day policy meeting later on Tuesday.source- www.livemnint.com