Reuters Market Eye - The BSE Sensex and Nifty gain 0.6 percent.
Software services exporters gain with Tata Consultancy Services up 0.4 percent and Infosys up 0.8 percent, up for a second day on rising hopes about the outlook for overseas demand.
Shares in Tata Steel were trading 2.4 percent lower after posting a smaller-than-expected third-quarter profit on Tuesday.
Overseas investors sold $26.5 million worth of Indian shares on Tuesday, exchange data showed, continuing the selling streak for a ninth consecutive session.
(Reporting by Indulal PM)