Indian share prices rose 0.71 percent to a record close Thursday on fresh overseas and domestic funds buying blue chip banking, software and refinery stocks, dealers said. They said buying was seen in mid-sized companies, with profit-taking seen at higher levels.
The benchmark 30-share Sensex index gained 77.02 points to close at 10,878.74.
"Buying interest was seen in spurts and at specific levels. Domestic fund buying continues to be the strongest factor for additional liquidity. We however expect some amount of choppiness in coming sessions," said Atul Hatwar, dealer with brokerage Crosseas Securities.
Losers led gainers 1,453 to 1,082 on volume of 49.36 billion rupees (1.11 billion dollars).
Private sector HDFC Bank closed 10.7 rupees, up or 1.41 percent, to 767.3 rupees on domestic fund buying.
Private sector gas company Reliance Natural Resources Ltd (RNRL) rose 0.85 rupees, or 2.25 percent, to 38.55 rupees on media reports that the Anil Ambani group would boost its stake in the unit to 55 percent.
India's largest software exporter TCS rose 27.6 rupees or 1.53 percent to 1,830 rupees on domestic fund buying.
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