Fall in the global crude oil prices eased the concerns over the macroeconomic situation, helping the benchmark S&P BSE Sensex to broke its 4-session of losing string and flared up by a whopping 338 points to log its one-week closing high of 25,368.90.
Oil prices extended losses in Asia on Tuesday on fading fears that the fast-moving crisis in crude producer Iraq could result in a major supply disruption. US benchmark West Texas Intermediate (WTI) was down 47 cents at $105.70 while Brent crude eased 19 cents to $113.93 in mid-morning trade.

India's BSE index falls from nearly 3-year high; US debt deal key

BSE index falls 0.29 pct; NSE ends 0.39 pct lower * Indian shares snap 5-day winning streak * HDFC Bank posts slowest quarterly profit growth in a decade * Investors turn 'equal-weight' on India - Morgan Stanley survey By Abhishek Vishnoi MUMBAI, Oct 15 - India's benchmark index fell on Tuesday, retreating from a nearly three-year high hit earlier in the session, as blue chips declined ahead of the Oct. 17 deadline to lift the U.S. debt ceiling. Lenders also