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Brent crude futures climbed 77 cents, or 0.8%, to $93.15 a barrel by 0042 GMT. U.S. West Texas Intermediate crude was at $90.36 a barrel, up 99 cents, or 1.1%. The front-month November contract expires on Friday.

Markets are widely expecting the Fed to keep interest rates on hold at its policy meeting next month, according to the CME FedWatch tool.

USA-STOCKS/ (UPDATE 6)US STOCKS-Wall St ends down as Treasury yields surge, Powell speaks

Stocks that were in focus included names like Persistent Systems, which rose 2.26%, Dabur, which gained 1.22%, and LTIMindtree, whose shares jumped 6% on Thursday.

“FIIs are reducing their exposure to India, they will sell only what they own but then a time will come when the share prices will catch up with fundamentals and in comparison to other runups in the small and midcap space, financials still make reasonable sense. We are increasing exposure in the entire BFSI space.”

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.

“There is a lot of excitement and inquiries from foreign investors looking at India. Also, the domestic investor coming in through SIPs especially, SIPs bring a good discipline in terms of financial as well as emotional discipline will help the country do better, the markets being more stable and less volatile compared to the others.”

"Time in the market is crucial for wealth creation. Geopolitical concerns, such as higher oil prices and active military action in the Middle East, can have a long-term impact on equity markets. Buybacks are becoming common as they are more tax-friendly for investors and allow companies to return excess cash. The commodity cycle may be affected by geopolitical concerns, with oil being the outlier. SIPs and other non-discretionary flows into equities provide a liquidity cushion for Indian equities. "