Indian stocks rose for fourth consecutive day to settle at their highest level in over three weeks led by ITC, HDFC Bank, Axis Bank and RIL.
The 30-share BSE Sensex was up 161.57 points at 33,788.54 and the Nifty of National Stock Exchange 47.80 points to 10,379.40.
The BSE Oil & Gas index ended 1.5% higher led by oil marketing companies which rose after crude oil posted its biggest weekly fall since February. The BSE Teck index was the top sectoral laggard, going down 0.99%.
Nifty Bank Index closes higher about 1 percent with Axis Bank (+3.44%), PNB (+2.89%), Federal bank (+2.32%) IndusInd Bank (+1.97%), Bank of Baroda (+1.89%) , IDFC Bank (+1.10%).
Shares of Lemon Tree Hotels closed 17.38 percent higher at Rs. 72.30, on market debut on NSE.
Top Gainers on NSE: BPCL (+3.78%), Axis Bank, HPCL (+3.44%), Hindustan Petroleum Corporation Limited (+3.40%). Losers: Zee Entertainment Enterprises Limited (-2.14%), Lupin (-1.80%) and Tata Motors (-1.61%)