The BSE Sensex ended higher for a second session on Thursday, led by gains in auto shares on higher-than-expected October vehicle sales, while technology firm Wipro Ltd
Reliance Industries Ltd
Shares also found support from an index of manufacturing activity. HSBC's India manufacturing purchasing managers' index (PMI) nudged up in October to 52.9 from September's 10-month low of 52.8, implying the sector was showing signs of stabilisation, with a pickup in orders.
"The earnings season has been mixed till now and no clear trend has emerged," said Kaushik Dani, a fund manager at Peerless Mutual Fund. "So, for now, the market will take cues from global developments."
The BSE Sensex rose 0.3 percent or 56.32 points to end at 18,561.70 points,
The 50-share Nifty rose 0.45 percent or 25.35 points to 5,645.05.
Markets will closely await the outcome of the U.S. October ADP national employment index, due at 1215 GMT (05:45 p.m. local time) and U.S. weekly initial jobless claims, for the week ended October 27, due at 1230 GMT (6 p.m. local time).
Shares in Titan Industries
ICICI Securities said it expects Titan to post improved earnings in the second half of the fiscal year.
Telecom operator Bharti Airtel's
Utility vehicle maker Mahindra & Mahindra
Among shares that fell were ITC Ltd