Indian equity benchmarks posted gains on Thursday, outperforming broader Asian peers as falling crude oil prices and a recovery in information technology stocks provided support.
The Nifty 50 rose 0.71% to close at 24,175.7, while the BSE Sensex climbed 0.75% to 77,502.12.
The rally was broad-based, with the technology sector leading the charge as lower energy costs improved margin outlooks for major IT firms.
Shares of Tata Consultancy Services and Infosys contributed significantly to the index gains, reversing recent weakness.
The drop in Brent crude prices, which have been volatile amid geopolitical tensions, provided a tailwind for India, the world’s largest oil importer, by easing pressure on its current account deficit.
This marks a continuation of the recovery seen in Indian markets over the past few sessions.