Sensex Surges 261 Points, Nifty Reclaims 10,600; Indian Oil Jumps 5%

INSUBCONTINENT EXCLUSIVE:
The Sensex and Nifty closed higher for a second straight day, led by gains in banking, finance,
auto and metal stocks
National Stock Exchange benchmark index Nifty finished 91 points higher at 10,605 while BSE Sensex settled at 34,924, up 261 points
Forty one stocks on the 50-scrip index Nifty finished in the positive zone
Top gainers on the Nifty included Indian Oil, Indiabulls Housing Finance, Hindalco Industries and Bajaj Finserv, closing with gains of
between 4.4 per cent and 5.4 per cent
Here are 10 things to know about Friday's trading session:Banking stocks jumped, with the NSE's sectoral index Nifty Bank
Canara Bank jumped 3.3 per cent, Yes Bank 2.8 per cent and IndusInd Bank 2.4 per cent
SBI and ICICI Bank, however, finished 0.6 per cent and 0.7 per cent lower respectively
closed more than 3 per cent higher.Among energy stocks, GAIL India closed 3.7 per cent higher, a day after the state-owned gas utility
higher.Besides Indian Oil, other state-run oil marketing companies BPCL and HPCL also jumped more than 4 per cent each
Domestic petrol and diesel prices continued to scale new all-time highs in some cities
However, investors awaited any announcement by the government to curb the prices.Domestic institutional investors (DIIs) bought shares worth
a net Rs 1,480.51, while foreign portfolio investors (FPIs) sold shares worth Rs 701.93 crore on Thursday, provisional data from the NSE
showed.The Sensex finished the week with a total gain of 76 points
a merger with NSE.(With agency inputs)