New Delhi : The market on Wednesday closed spiking the highest level since January as the Nifty index was up 141.50 points or 1.8 percent at 7850.45.
The Sensex closed up 481.16 points or 1.9 percent at 25626.75.
Shares such as ICICI Bank, Maruti, BHEL and Bajaj Auto were top gainers while Infosys and Adani Ports were losers in the Sensex.
India’s fuel demand surged to its highest level in at least 15 years in the fiscal year ended March, driven by growing appetite for gasoline-guzzling vehicles and a boost in mining and manufacturing activity.
Fuel consumption, a proxy for oil demand, rose 10.9 percent to 183.5 million tonnes between April 2015 and March 2016, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. (ANI)