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Mumbai - India's market barometer, the Bombay Stock Exchange Sensex closed in the positive zone for the sixth day in a row, rising a marginal 0.57 percent or 61.52 points on Thursday, as investors turned cautious ahead of corporate earnings season and national election.
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The 30-share benchmark index opened higher at 10,876.15 and seesawed between a high and low of 10,932.12 and 10,655.96 before finally settling at 10,803.86, its highest close since October 15.
Following Thursday's rally, the Sensex is up 11.46 percent this year. The prime index closed nearly 52 percent down in 2008, a year marked by economic downturn, credit squeeze, rising inflation and high global crude prices.
Eighteen components rallied on Thursday with Tata Steel leading the pack. The steel producer jumped 7.71 percent to close up at Rs.261.20.
Utility majors Reliance Infrastructure and Tata Power surged 5.66 percent and 0.81 percent respectively.
Financial majors ICICI Bank, State Bank of India and HDFC Bank soared 5.62 percent, 1.47 percent and 0.02 percent respectively.
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