Mumbai, May 14 -- Equity markets closed with gains of more than 1 per cent on Thursday as benchmark indices rebounded from oversold levels despite continued pressure from elevated crude oil prices and ongoing geopolitical tensions.

The Nifty 50 index closed at 23,689.60, gaining 277 points or 1.18 per cent, while the BSE Sensex ended at 75,398.72 with a surge of 789.74 points or 1.06 per cent.

Market experts said investor sentiment improved during the session due to expectations of possible government measures to support the rupee and positive developments from the Trump-Xi summit.

Vinod Nair, Head of Research at Geojit Investments, said Indian equities recovered despite continued pressure from currency weakness and rising crude oil pr...