Sensex snaps 7-day losing streak, up 205 points

The BSE Sensex rose nearly 1 percent on Thursday after seven sessions of losses, as rate-sensitive stocks including lenders surged on the RBI's announcement of open market operations, while easing fears of tapering by the U.S. Fed also helped.

The Sensex rose as much as 375 points today when it touched 20,568.99 at its day's high in early trade. But markets pared their gains after data released around noon showed wholesale inflation index rising to an eight-month high of 7 percent.

The Sensex ended 205 points higher at 20,399 while Nifty rose 66 points to 6,056.15.

ICICI Bank Ltd surged 3.6 percent, while Axis Bank jumped over 6 percent.

Tata Steel Ltd surged 4.9 percent after the company's second-quarter profit beat expectations, helped by a rise in prices and market share at home.