Mumbai: Indian share prices closed marginally higher Thursday as overseas funds bought leading index shares on strong earnings for the fourth quarter ended March, dealers said.
They said that full-year earnings for most Indian companies reported in April and related guidance for future profits kept sentiment strong.
The benchmark Bombay Stock Exchange 30-share Sensex index closed up 11.11 points or 0.08% at 14,228.88.
The Indian rupee also gained Thursday against the dollar to a nearly decade high of 40.78.
Hectic buying was seen in India’s largest private sector company Reliance Industries, which fell Rs9.85 or 0.62% to 1,590, ahead of fourth quarter earnings later Thursday.
“The buying momentum slowed down in late afternoon trade,” said Hiten Mehta, a fund manager with Fortune Financial Services.