The markets opened with gains. The benchmark BSE Sensex was up 220 points or 0.42 per cent at 52,663, while the Nifty 50 index was up 66 points at 15,775.
Tech Mahindra, HCL Tech, Mahindra & Mahindra, Titan were among early gainers while Bajaj Auto, Nestle and Maruti were major losers.
On Wednesday (July 29), the Sensex ended 135.05 points or 0.26 per cent lower at 52,443.71, while the broader NSE Nifty slipped 37.05 points or 0.24 per cent to 15,709.40.
Asian shares calm
Asian shares managed an appearance of calm on Thursday as the US Federal Reserve signalled it was in no rush to taper stimulus, though the mood was fragile as investors waited to see if Beijing could stem the recent bloodletting in Chinese shares.
Shares in Hong Kong continued to see a rebound in Thursday morning trade from a two-day slmp earlier in the week. Meanwhile, Asia-Pacific markets rose after the US Federal Reserve left its benchmark interest rate near zero.
In Japan, the Nikkei 225 advanced 0.51 percent while the Topix index gained 0.26 percent. Elsewhere, South Korea's Kospi rose fractionally while the S&P/ASX200 in Australia climbed 0.47 percent.
Fuel prices unchanged
Petrol and diesel prices remained unchanged across the country for the twelfth straight day on Thursday.
With no change in prices on Thursday, in Delhi, petrol continues to be sold for Rs 101.84 per litre, while diesel is also being sold at the unchanged price of Rs 89.87 a litre.
In Mumbai, where petrol prices crossed Rs 100 mark for the first time ever on May 29, the fuel price is at Rs 107.83 per litre. Diesel price in the city is also at Rs 97.45, the highest among metros. In Chennai, petrol is priced at Rs 102.49 per litre while the price of diesel is Rs 94.39 per litre. The price of petrol in Kolkata is Rs 102.08 per litre while diesel is sold at Rs 93.02 per litre.
Quarterly earnings today
Tech Mahindra, Colgate-Palmolive (India), AAVAS Financiers, ADF Foods, Aegis Logistics, Ajanta Pharma, CCL Products, Continer Corporation of India, Dhanuka Agritech, Dwarikesh Sugar Industries, Eris Lifesciences, Future Retail, GHCL, Home First Finance Company India, Indus Towers, JK Lakshmi Cement, Jindal Stainless (Hisar), Jyothy Labs, Laurus Labs, LIC Housing Finance, Mahindra Holidays & Resorts India, Motilal Oswal Financial Services, Oberoi Realty, Parag Milk Foods, Punjab & Sind Bank, PVR, Rayomnd, Shoppers Stop, Shriram City Union Finance, TVS Motor Company, Union Bank of India, Vaibhav Global, and Welspun Corp will release their quarterly earnings today.
(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)