Reuters Market Eye - The BSE Sensex rises more than 140 points while the broader Nifty gains 40 points.
Software services exporters gain with Tata Consultancy Services up 0.5 percent and Infosys up 0.5 percent, up for a second day on rising hopes about the outlook for overseas demand.
Shares in Tata Steel were trading nearly 3 percent lower after posting a smaller-than-expected third-quarter profit on Tuesday.
Overseas investors sold $26.5 million worth of Indian shares on Tuesday, exchange data showed, continuing the selling streak for a ninth consecutive session.
(Reporting by Indulal PM)
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