Sensex closes 110 points higher

Ignoring weakness in stock markets globally, the BSE Sensex snapped 3-session losing streak on Wednesday and gained 110 points to close at 16,841 on buying in blue chips at lower levels, amid Indian government comments that inflation would ease on the back of good monsoon.The Bombay Stock Exchange 30-share index, Sensex, opened higher and crossed the 17K-mark. However, it dropped to 16,708.98 in the afternoon trade after weak European opening.Finally, it settled at 16,840.80, gaining of 109.86 points or 0.66 per cent. In last three sessions, it had fallen by nearly 400 points or 2.33 per cent.Press Trust of India From / Gulf Today