Upside momentum continued on the benchmark Sensex for second consecutive day, supported by oil & gas ahead of EGoM meet today. Metal, financial and auto stocks too were on buyers' radar. The Nifty went up above 5350 level.
Fall in crude oil prices was another reason behind upside in Indian markets. Brent crude falls 6% after International Energy said would release 60 million barrels crude oil from emergency stocks in July
Oil & gas stocks rallied - ONGC, BPCL and IOC gained 2-2.5%. HPCL surged 4%.
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