The Indian markets ended the day’s session on a positive note on Monday with the S&P BSE Sensex gaining around 500 points, while the Nifty50 closed above the 18050-level.
Brent crude was up 65 cents, or 0.79%, at $83.39 a barrel by 1443 GMT, having lost nearly 2% last week.
Many economic growth indicators are suggesting a faster-than-expected revival in economic activities, it said.