Sensex closes by 790 points

Mumbai: Extending gaining streak for the third consecutive session, the BSE Sensex on Wednesday spurted 789.70 points to close at 49,733.84 following gains in Bankex, Finance, Telecom, Auto and Consumer Durable stocks. The Nifty too rose by 211.50 points to 14,864.55. The Sensex opened higher by 72 points to 49,066.64....