The Nifty Bank index closed 0.24 per cent up at 37235.85.
Analysts said the recovery from near a short-term moving average was encouraging, but a few technical indicators are still negative, suggesting that the index may be vulnerable to selloffs.
Buying was visible on declines and Nifty50 regained strength after a halt of last two sessions. It formed a Bullish Hammer kind of candle on the daily scale and closed with a gain of around 165 points.
The state Assembly passed an amendment to the Stamp Act, 1957, slashing the stamp duty payable on flats priced Rs 35-45 lakh to 3 per cent.
MobiKwik Chairperson, co-founder and COO Upasana Taku said the number of equity shares that would arise from the full exercise of options granted implies 7 per cent of the fully diluted outstanding shares.
A total of 6,982 shares changed hands on the counter till 02:12PM (IST).
The domestically focussed mid-cap index rose 0.9%, with travel stocks being among the top gainers.
The Nikkei share average dropped 2.17% to close at 29,839.71, marking its biggest fall since June 21. The broader Topix slipped 1.7% to 2,064.55.
Energy stocks added nearly 1.5% - their best session in a week - as oil prices jumped on signs of U.S. supply tightness.
While predominantly a developer, Evergrande -- which employs 200,000 people, has a presence in more than 280 cities and claims to indirectly generate 3.8 million Chinese jobs -- has been on a buying spree for more than a decade.
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