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Brent crude futures rose 6 cents to $86.91 a barrel by 0010 GMT, while U.S. West Texas Intermediate crude futures gained 12 cents, or 0.2%, to $82.58 a barrel.

Stocks that were in focus included names like Britannia, which gained 3%, Tata Motors, which jumped 9.77%, and Minda Corp, whose shares declined 0.37% on Thursday.

Apple on Thursday reported sales and profit for the fiscal fourth quarter that beat Wall Street expectations, helped by an uptick in iPhone sales and a $1 billion boost to services revenue that offset large drops in Mac and iPad sales.

"I would be a little cautious in small and midcap space in the near term. Indian SMIDs have returned more than 30% in FY24, significantly outperforming not just their largecap peers, but also their global peers (which have been flat to negative in FY24). This accompanied by increased global volatility, fading margin tailwinds and moderate growth could weigh on overall SMID sentiments."

Tata Motors reported a consolidated net profit of Rs 3,764 crore for the quarter ended September, against a net loss of Rs 945 crore a year ago.

So far in October, state government bond issuances have outstripped their indicative calendar by 24%, with states on track to issue bonds worth almost ₹1 lakh crore more in FY24 than the previous year on a gross basis.

The Reserve Bank of India (RBI) is transitioning toward a principle-based regulatory approach, offering broad guidelines to the entities it regulates while allowing for flexibility in how they achieve compliance, according to Deputy Governor Rajeshwar Rao.

Lenders to the insolvent airline Go First will likely meet to assess a fund-infusion plan into the grounded carrier. However, regulatory approval for lessors to repossess leased aircraft is making it unviable for bankers to commit fresh money to the first case of voluntary bankruptcy in Indian aviation.

Of the 800 tonnes that have been purchased in the January-September period, 337 tonnes were purchased in the September quarter, more than double the purchases in the June quarter. It is though lower by almost a fourth as compared to the previous year, which was a record high.