Equity benchmarks recovered from Monday’s sharp decline, with oil and gas stocks leading the gains after CLSA upgraded ONGC to “high conviction outperform.” The 30-share BSE Sensex rose 234.12 points or 0.30 per cent to close at 78,199.11, while the broader NSE Nifty 50 advanced 91.85 points or 0.39 per cent to end at 23,707.90.

Stock Market LIVE Updates | Indian stocks experienced heavy selling due to worries about the HMP Virus outbreak and a significant decline in banking stocks following disappointing quarterly results.

The Sensex platform was painted in red. Titan, ICICI Bank, and Bajaj Finance remained the only exceptions in green. On the other hand, the major laggards included Tata Steel, Kotak Bank, and M&M.

ONGC, SBI Life Insurance, Tata Motors, HDFC Life, Reliance Industries were among the top gainers on the Nifty, while losers were HCL Tech, TCS, Eicher Motors, Hero MotoCorp, Trent

HDFC Bank Ltd shares were down 1.56 per cent at Rs 1,722 after the Q3 update. December was the third consequent quarter of sequential corporate loan decline as the banks continued to choose profitability over balance sheet growth.

Falling IT, pharma, healthcare, and bank stocks caused the stock market to crash during the later trading hours

Indian equity indices Sensex and Nifty 50 opened slightly lower on Friday, with notable declines in ITC, TCS, Infosys, ICICI Bank, Zomato, and Tech Mahindra. Conversely, NTPC, SBI, Adani Ports, Nestle India,