Nifty posts biggest gain in over a month

(Reuters) - The NSE Nifty posted its biggest daily gain in more than a month, recovering from a five-day losing streak, as investors saw those losses as overdone and as global markets gained amid dampened prospects of a U.S. rate hike this year.

The broader Nifty ended 0.86 percent higher at 9,794.15, its biggest one-day percentage gain since July 10.

The benchmark BSE Sensex closed up 0.75 percent at 31,449.03, its biggest gain since July 19.

(Reporting by Tanvi Mehta in Bengaluru; Editing by Amrutha Gayathri)