Sensex breaks 7-day losing streak, gains 330.45 points to close at 34,413

The Sensex gained 330.45 points Thursday to close at 34,413.16.

The Nifty also jumped 100.15 points to close at 10,576.85.

The stock markets have taken a hammering in recent days -- the Sensex fell for for seven consecutive sessions -- Finance Minister Arun Jaitley announced a 10% long-term capital gains tax on the sale of shares.

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Jaitley's raising of the fiscal deficit target to 3.3% from the earlier 3% added to the markets nosediving.

Thursday was the first day the Sensex gained rather than having dropped points at the closing bell.