Nov 14 Reuters Indian shares rose on Thursday, after sinking into correction territory in the previous session, with Eicher Motors driving the gains in the bluechip indexes following a betterthan expected quarterly profit.

The NSE Nifty 50 rose 0.18 to 23,602.25 as of 1032 a.m. IST, while the BSE Sensex gained 0.15 to 77,808.18.

Eleven of the 13 major sectors advanced. The broader small and midcaps gained about 1.5 and 1.1, respectively.

Eicher, which makes Royal Enfield motorcycles, jumped 7.5, the most on the Nifty, after its Septemberquarter profit beat market expectations, helped by increased sales of its highercapacity models such as the Himalayan.

Still, analysts remained cautious after the Nifty and the small and midcap indexes slipped into correction in the previous session, with the Sensex just about avoiding to do so.

The current market texture remains weak but oversold. Hence, there could be one day of quick pullback rally from the current levels, said Shrikant Chouhan, head of equity research at Kotak Securities.

The market weakness, which pulled the Nifty down 10 from its record high on Sept. 27 and confirmed the correction, has been due to a disappointing corporate earnings season and the massive foreign outflows worth 15 billion in the last 33 sessions.

Adding to that, data earlier this week showed inflation jumped, fanning fears of a consumption slowdown and dampening hopes of a domestic rate cut in the nearterm.

Among individual stocks, Jio…