Bear loosens grip, Sensex up 291 pts


 Buying was evident on all the sectors with major upsurge in oil & gas, metal, capital goods and FMCG, besides auto (sans Tata Motors) supported key indices, Sensex and Nifty to close at  15,689 and 4,680 levels respectively. 

Yet, it is significant to note that despite the rally, the newly listed IPOs such as NHPC and Adani Power closed below their issue prices of Rs 36 and Rs 100 respectively.

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