BSE Sensex gains nearly 2 percent;
The BSE Sensex and the Nifty snapped a three-session losing streak to gain nearly 2 percent on Friday, after Reliance Industries surged on hopes one of its blocks held higher gas reserves while lenders rallied after easing wholesale inflation raised hopes of a rate cut.
The BSE benchmark Sensex recovered over 51 points in early trade on Friday on the back of gains in stocks of realty, auto, consumer durable, capital goods, metal and banking sectors, amid a mixed Asian trend.