New Delhi, April 27 -- After suffering losses for the last three consecutive sessions, the Indian stock market benchmarks- the Sensex and the Nifty 50- jumped by almost 1% each in morning trade on Monday, 27 April.

The gains in the benchmarks could be largely attributed to short covering amid positive global cues even as elevated crude oil prices and rupee's weakness remained key negatives for the market.

"Positive global markets and some short covering appears to be behind the rise in markets. However, it would be important to see where we close as the possibility of market surrendering most of the gains is high," Ajit Mishra, SVP of Research at Religare Broking, said.

Brent Crude oil prices rose more than 1% to trade above the $106 p...