Indian Stocks Rebound as Crude Prices, Growth Outlook Boost Buying

Indian shares rose on Wednesday.

The Sensex, a major stock-market index, gained nearly 300 points.

The Nifty, another major index, also moved higher.

Investors were encouraged because oil prices were below USD 100 per barrel.

Forecasts for India’s economic growth also helped build confidence.

Metal, financial and consumer-goods companies attracted buying.

Tata Steel and Bajaj Finance were among the companies that gained.

Some technology companies, including Infosys and Tata Consultancy Services, fell.

Investors were also watching signs that tensions in West Asia might ease.