New Delhi, Oct. 5 -- The Indian stock market reversed its recent losses in Monday's trade, 5 October, as the headline indices closed with gains of over 0.50%, supported by strong gains in the tech sector, while a rebound in financials and consumer goods also aided sentiment.

The markets opened the session on a higher note after their longest weekly losing streak in 25 years, and at one point, the Nifty 50 gained nearly 1% at its day's high before pairing gains as higher levels prompted investors to book profits.

The global backdrop also turned in favor of bulls as a drop in crude oil prices, coupled with softer-than-expected US jobs data, reduced expectations of a Federal Reserve rate hike later this month. Market attention has now shif...