Indian share prices closed up 0.62 percent Thursday in volatile trading led by steel and software stocks, dealers said. They said that despite the gain, trading sentiment remained cautious after foreign funds heavily sold shares in early morning trading.
The benchmark 30-share Sensex index rose 64.69 points to 10,573.54.
"The markets recovered on buying in select index blue chips," including steel and software shares, said Naresh Garg, chief investment officer with Sahara Mutual Fund, a private sector fund.
Losers led gainers 1,418 to 1,080 on record volumes of 61.37 billion rupees (1.37 billion dollars).
Among the gainers was India's leading private-sector steel maker, Tata Steel, which rose 8.1 rupees or 1.83 percent to 451.9 on fund buying related to a clearance the company received to build a 650-million-rand (103-million-dollar) high-carbon smelter in South Africa.
State-run Neyveli Lignite rose two rupees or 2.6 percent to 79.9 after the government said it was considering selling 10 percent of the company.
Infosys Technologies, India's second largest software exporter, rose 45 rupees or 1.61 percent to 2,842.5 on fund buying.
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