Indian shares eked out modest gains on Tuesday after sliding more than 3 per cent the previous day, but metal stocks extended losses tracking a global sell-off.
At 11:04 am (0534 GMT), the 30-issue benchmark BSE index was up 0.15 per cent at 11,566.51 points, after rising as high as 11,615.78. The rise was mainly led by Reliance Industries Ltd and Infosys Technologies Ltd.
In the broader section, losers outpaced gainers 1,221 to 738 on volume of 49 million shares. "The market is likely to remain rangebound till a month when most of the second quarter results are out," independent consultant SP Tulsian said.
Reliance, India's top petrochemical producer, was up 1.2 per cent at Rs 1,101 after falling 3.8 per cent on Monday.
Infosys, the second-ranked software services exporter, rose 1.4 per cent to Rs 1,760, bouncing off a 3.6 per cent drop the previous day.
Metal stocks fell as commodity prices fell. Tata Steel Ltd was down 1.2 per cent at Rs 491, while aluminium maker Hindalco Industries fell 3 per cent to Rs 169.25.