Provisional: Markets snap three-day losing streak

Markets rebounded today as easing global crude oil prices following deal between Iran and world powers

Markets rebounded today snapping a three-day losing streak, amid short covering at lower levels, as easing of global crude oil prices following a landmark deal between Iran and world powers would help India reduce its current account deficit and contain inflationary pressures.

On Sunday, US along with five other global powers, reached a landmark agreement with Iran on curbing some of its nuclear programmes in exchange for a limited relief on sanctions.

The 30-share Sensex ended up 376 points at 20,593 and the 50-share Nifty ended up 118 points at 6,113.