Sensex snaps 3 days of losses on value-buying

MUMBAI, Jan 8 (Reuters): The BSE Sensex rose more than 1 per cent on Thursday, rebounding from a near three-week low hit in the previous session, led by gains in companies focused on the domestic economy such as ITC and ICICI Bank.

The gains snapped a three-day losing streak and marked the Nifty's biggest single-day rise since October 31.

The benchmark BSE Sensex ended 1.36 per cent to close at 27,274.71, while the broader Nifty closed 1.64 per cent higher at 8,234.60.

Gains were broad-based with the BSE Mid Cap index up 1.82 per cent and the BSE Small Cap index higher 1.79 per cent.

Stocks focused on domestic economy led the gains. ITC Ltd rose 2.5 per cent and ICICI Bank Ltd closed 2.7 per cent higher.

HDFC Bank Ltd gained 2.1 per cent, while Hindustan Unilever Ltd rose 1.9 per cent.