Sensex rises 0.7% to 77,449 after four-session losing streak

India’s BSE Sensex rose about 0.7% to 77,449 on Thursday, ending a four-session run of losses as global bond markets steadied after the U.S. Treasury announced plans to double buyback sizes for long-duration debt. The move was intended to reduce upward pressure on borrowing rates after the 30-year Treasury yield reached its highest level since 2007 earlier in the week. A weaker dollar supported risk assets globally, although higher crude oil prices and continuing Middle East tensions capped gains in Indian equities. Lohia Corp reported a four-fold increase in June-quarter profit and 59.5% revenue growth, while newly listed IT solutions company Xtranet Technologies posted higher first-quarter revenue and profit. Shiprocket, Behari, Netweb, Eternal and HDFC Bank gained 6.4%, 7.4%, 4.9%, 2.3% and 1.0%, respectively.

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