Indian shares snap three days of losses

BENGALURU, May 26 (Reuters): Indian shares bucked broader market weakness to end higher on Thursday as investors picked up beaten-down financial and metal stocks after three straight sessions of losses.
The NSE Nifty 50 index (.NSEI) rallied in the last hour of trading to close 0.90 per cent higher at 16,170.15, while the S&P BSE Sensex (.BSESN) advanced 0.94 per cent to 54,252.53. Both the indexes had lost nearly 1.5 per cent in the past three sessions.
"After the heavy selloff, the market showed signs of exhaustion and could bounce for the short to medium term," said Vinod Nair, head of research at Geojit Financial Services.
The gains contrasted with global peers, which were trading mixed after the latest US Federal Reserve minutes confirmed the central bank's intent to tighten monetary policy quickly to control inflation.