After falling about four tenth of a percent in the initial trade, benchmark indices reversed and gained about half a percent from the bottom of the day to end higher by about a fifth of a percent. Sensex settled at 26643, up 48 points while Nifty added 13 points to finish at 8192. BSE mid-cap and small-cap indices rose 0.6% and 1% respectively. BSE Consumer Durable and Oil & Gas indices were the top gainers among the sectoral indices, putting on 3% and 2% respectively whereas Telecom index tumbled 1.6%, becoming top loser, followed by 0.2% cut in Auto index. Powergrid and Coal India climbed 2.5% and 2.3% respectively to become top Nifty gainers while Bharti Airtel and Idea were the top losers, giving away 3.2% and 2.4% respectively. BSE advance-decline ratio stood at 2:1. Rupee was trading at 68.31/$, depreciating 9 paise compared to previous close. European markets, except a marginally lower DAX, were trading with gains of upto 0.4%, following solid manufacturing activity data in Europe and China. French consumer inflation came in at 0.8%, its highest level since May 2014. US stock futures were up about six tenth of a percent.