Sensex, Nifty surge led by IT; Rs 3 fuel hike too small as Brent tops $100, ONGC gains; what investors should note

Sensex, Nifty surge led by IT; Rs 3 fuel hike too small as Brent tops $100, ONGC gains; what investors should note

The rally was narrow, led almost entirely by IT and select heavyweights like PowerGrid and Titan. Banking was split; HDFC Bank and Kotak Bank gained, but SBI, Axis Bank, and ICICI Bank closed lower. But OMC bleeds despite the Rs 3 fuel price hike. What investors should note?