Reuters Market Eye - The BSE Sensex gains 1.93 percent and the broader Nifty is 1.87 percent higher, after earlier hitting their highest levels in a week.
Data showing March quarter current account deficit was lower than expected supported sentiment.
Shares in oil and gas explorers gain on media reports that a government committee is meeting later in the day to contemplate a hike in natural gas prices, dealers say.
Oil and Natural Gas Corporation gains 4.2 percent, Oil India is up 1.7 percent and Reliance Industries rises 3.7 percent.
IT companies gain on hopes recent rupee depreciation would aid their earnings, dealers say. Indian rupee hit a record low of 60.76 to a dollar on Wednesday.
Tata Consultancy Services gains 2.8 percent and Infosys is up 3.2 percent.
(Reporting by Abhishek Vishnoi)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app