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Sensex snaps losing run

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INDIA STOCKS/CLOSEThe Sensex ended 19 points higher on Wednesday, snapping a three-day losing streak, as investors went bargain hunting.

The benchmark closed at 8446.

ICICI Bank, India’s top private lender, fell over 4 percent on concerns the bank’s Russian assets may be vulnerable as firms there struggle to stay afloat.

On the sectoral front, the BSE Metal Index ended 2.8 percent higher. Shares in SAIL gained 7.3 percent. The Bankex was the worst hit, ending down 1.5 percent. State Bank of India slipped 1.8 percent.

Fraud-hit firm Satyam dropped over 3 percent to 37.95 rupees with volumes of 6.9 million shares on BSE.

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