Indices snap 5-day losing streak in morning trade; Sensex up by 493 points

Breaking the five day losing streak, Indian benchmark equity indices rose on Wednesday primarily due to value buying.

In the past five sessions, the Sensex and Nifty declined almost 4 per cent.

High inflation amid rising crude prices weighed on the investors sentiment in the past few sessions, said analysts.

At 9.31 a.m., Sensex was at 56,956, up 493 points or 0.87 per cent, whereas Nifty was at 17,108 points, up 149 points or 0.88 per cent.

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