Markets snap 9-day losing streak; Sensex up 227 pts, Nifty ends at 11,222

Experts said the markets will continue being volatile ahead of the election results next week

The benchmark indices snapped their nine-day losing streak, on the back of buying in beaten-down blue chip stocks once investors judged recent losses as excessive. 

The Sensex rose 227 points, 0.61 per cent, to close at 37,319 after giving up nearly 2,000 points in the previous nine sessions. The Nifty rose 74 points, or 0.66 per cent, to close at 11,222, with nearly two-thirds of its components gaining. 

Gains in the European markets and US futures helped with the sentiment.  The trading session, however, saw huge volatility, with the Sensex swinging 617 points and fluctuating between gains and losses for the most