I was trying to find out single query to update multiple column of one table from another table based on some values. Finally I came up with following query tat work properly in oracle.
UPDATE T1
SET (T1.C1,
T1.C2,
T1.C3)=
(SELECT T2.C1,
T2.C2,
T2.C3
FROM T2
WHERE T1.C4 = T2.C4
AND T1.C5= T2.C5)
