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Mumbai, July 17 Falling crude prices lifted stocks driving the Sensex up 4.26 per cent; a dramatic rise that broke its continuous fall of the previous five days.

The Sensex gained 536.05 points to close at 13,111.85. The broader Nifty was up by 3.42 per cent, at 3,947.20.

The rise was purely due to a big fall in the crude price and the positive note in the international markets, said Mr Gaurav Dua, Head of Research, Sharekhan.

FIIs were net buyers of equity for Rs 310.45 crore, and domestic institutions net buyers for Rs 168.02 crore.

The better-than-expected results of HDFC Bank also gave a reason for cheer, said Mr Jignesh Desai, Head of Institutional Sales, SBICAP Securities.

Markets were at such a low level that even one reason was enough to help them look up, he added.

There was substantial buying in bank and capital goods stocks, said a dealer.

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