Indian markets bounced back after two-day losses.

Indian markets bounced back after two-day losses as crude oil prices fell on concerns of demand from quake-hit Japan. Easing out tensions in the Middle East and North Africa for the time being also gave some relief. Investors showed buying interest in index heavyweights and sectors, pushing the key indices higher despite disaster in Japan. Markets also ignored a marginal rise in inflation for the month of February 2011 to 8.31%. Oil & gas was the lead gainer today as crude oil prices are coming down. Metal gained on the prospect that after tsunami destruction in Japan, there would be a lot of infrastructural requirements and that need metal.The Sensex closed at 18439, up 265 points from its previous close, and Nifty shut shop at 5531, up 86 points.