In choppy trade, the Bombay Stock Exchange benchmark Sensex gained 68 points as investors reshuffled their portfolios on the eve of expiry in current month contracts in the derivatives segment.
The 30-share index closed higher by 67.87 points at 17,198.95 points.
The wide-based National Stock Exchange index Nifty rose by 17.60 points to close at 5,108.15 points.
Brokers said every decline in the market was capped due to buying in fundametnally strong stocks in refinery, fast moving consumer goods, auto and banking sectors.
Asian markets closing with gains and firm opening in European stock markets also influenced trading sentiment to some extent, they added.
The trading sentiment turned volatile as investors reshuffled their holdings before the expiry in November month contract in futures and option segments tomorrow.
The heaviest on the Sensex, Reliance Industries, and tobacco major ITC saved the market from falling. RIL closed up 0.81%, while ITC gained 1.93%.
Among Asian markets, Hong Kong's Hang Seng gained 0.84%, Japan's market rose by 0.79%, while Singapore's Straits Times Index moved up 0.46%.
In the 30-BSE index stocks, 17 gained and 13 ended in negative zone.
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