Why Sensex, Nifty Are Up After Four Days of Selloff

The BSE Sensex saw its first big up move in five sessions on Thursday as hopes of a rate cut fueled buying interest in banking and auto stocks. The Sensex jumped over 250 points or nearly 1 per cent, while the broader Nifty took out the key 8,400 levels in morning session. Traders are betting on the possibility of a rate cut in September after retail inflation cooled to a record-low of 3.78 per cent in July, while industrial product...