Indian share prices rose 0.27 percent on Tuesday, making modest gains on buying in mid- and small-cap stocks, dealers said. They said buying emerged on strong regional market gains, as banking and software stocks rose. The 30-share Sensex rose 39.24 points to 14,535.01.
Software stocks rose as the rupee fell against the dollar to a near-decade high of 40.56 from 40.47 on Monday. "The markets made modest gains after a weak opening. The markets could be rangebound until new triggers emerge," said Manoj Kakaiya, a dealer with brokerage ULJK Securities.
Gainers led losers 1,325 to 1,279 on volume of 37.76 billion rupees (932 million dollars). The rupee fell against the euro to 54.7 from 54.4. India largest bank, the State Bank of India, rose 29.6 rupees or 2.1 percent to 1,436.25, while the second largest software exporter Infosys rose 25.3 rupees or 1.32 percent to 1,941.8.