The Indian equity market broken a three-day losing streak and notched up handsome gains on weekday after a bounce in crude oil costs in overnight trade infused new life to equity markets worldwide.
While PSU energy giant ONGC led the surge within the Sensex pack with a 3.26 per cent gain, Reliance Industries still closed weaker at Rs 980.55, down 0.02 per cent.
Among others, Asian Paints (up 2.73 per cent), L&T (up 2.93 per cent), Adani Ports (up 2.50 per cent), Infosys (up 1.76 p 1.76 per cent), Tata Motors (up 2.12 per cent) and Coal India (up 1.78 per cent) were among alternative high gainers.
Bank stocks, too, staged a bounceback, with private sector players ICICI Bank, HDFC Bank and Axis Bank ending the day within the green, however PSU behemoth SBI still shed over 1.26 per cent. The banking stocks have an important weightage within the Sensex pack.
