The Sensex of the BSE after opening at 32,798.50 points touched a high of 32,804.75 and a low of 32,702.37 points.
Vinod Nair, Head of Research, Geojit Financial Services, said: "Market smartly recouped from the yesterday's losses which were triggered by Reserve Bank of India's (RBI) hawkish policy and weakness in global market". The broader Nifty was trading below the key 10,100-level, down by 33.30 points or 0.33 per cent at 10,084.95. This is its biggest single-day jump since May 25, when it had gained 149.20.
Domestic institutional investors bought shares worth Rs 995.11 crore, while foreign funds sold shares to the tune of Rs 1,217.92 crore on Wednesday, provisional exchange data showed.
Ireland to finally start reclaiming Apple back taxes
According to the EU, the tax deal allowed Apple to pay nearly nothing in tax on its European profits between 2003 and 2014. Whether or not the original ruling gets overturned remains to be seen.
Weak Asian cues as technology stocks tracked a sell-off in their United States counterparts that saw the Nasdaq tumbling over 1 per cent overnight, weighed on the sentiments, brokers said.
Market breadth was positive with 1,614 advances against 542 declines.
Major Asian indices closed higher. Asian major also settled higher on Thursday with Nikkei 225 index climbing over 1 per cent followed by Hang Seng 0.28 per cent.
Defying the bullish spirit were index heavyweights such as TCS (down 0.52 per cent), Coal India (down 0.64 per cent), Cipla (down 0.50 per cent), Sun Pharma (down 0.26 per cent) and Wipro (down 0.34 per cent).