Sun Pharma emerged as the star performer and closed 4.03 per cent up at Rs 675.45, while Cipla rallied 1.58 per cent to Rs 592.60.
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
The falls meant that both crude futures were at their lowest levels since mid-April
Among other stocks, IT firm Mphasis today reported a 15.30% increase in consolidated net profit at Rs 184.72 crore for the quarter ended September 30, 2015.
Financials emerged as the top gainers while auto shares rallied on robust September sales
Markets ended weak tracking the expiry of April derivative contracts.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
Most Asian stock markets steadied on Wednesday.
Tracking gains in bluechip stocks, investors were also seen building up position in broader markets, lifting the small-cap and mid-cap indices by 0.83 and 0.15 per cent
Markets ended in red, index heavyweights drag.
Markets in green tracking firm global cues.
Rise in crude oil price and rally in global equities aided the sentiment
Metals bucked the trend and shone across the board.
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
L&T, ONGC and banking scrips power gains in today's trade
Don't catch falling knives or chase bear rallies no matter how enticing those eight pc green blips look. They may be mouse traps, warns Sonali Ranade
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