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Sensex gains 331 points in late buying surge

Today, Indian stock market ,Sensex,was reported to be gaining for the first time in three days and ended about 331 points up at 25,521.19 on heavy buying in the last hour.  Quick trading on RIL, ICICI Bank, ONGC and L&T shares, amid some recovery in the rupee.

Today, positive cues from global indices helped Sensex maintain gains, say brokers. However, recently battered stocks led by oil and gas, banking and PSUs led the rally.

After two days on concerns over rising WPI-inflation which zoomed to five-month high, weakening rupee and soaring global crude oil prices on escalating tension in Iraq.