March 20, 2012 / 10:14 AM / in 6 years

Sensex recovers from losing run; banks gain

MUMBAI (Reuters) - The BSE Sensex edged up to its first winning session in four as lenders recovered on expectations recent steep losses were overdone, while jewellery maker Titan Industries rallied as a recent excise duty on gold was not expected to hit profits too much.

People walk outside the Bombay Stock Exchange building February 10, 2011. REUTERS/Vivek Prakash/files

    Titan (TITN.NS) gained a provisional 3.9 percent, while State Bank of India (SBI.NS) was up 1.4 percent.

    The main 30-share BSE index provisionally rose 0.2 percent to 17,309.28 points after hitting its lowest close since March 7 on Monday. The 50-share Nifty index added 0.3 percent to 5,274.85 points.

    Reporting By Manoj Dharra and Abhishek Vishnoi; Editing by Harish Nambiar

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