India, July 10 -- Stock markets recovered on Thursday, with the benchmark Sensex closing higher by 238 points on broad-based buying by investors after a heavy correction in the previous session.

The 30-share BSE Sensex opened higher and jumped further 823.05 points, or 1.07 per cent, to hit a high of 77,326.65 later in the day. The index, however, pared gains due to some profit-taking in the last hour and closed at 76,741.82, up by 238.22 points, or 0.31 per cent.

The 50-share NSE Nifty rose by 80.75 points, or 0.34 per cent, to end at 23,962.80. The broader index hit a high of 24,134.70 before giving up some of the gains at fag-end. Analysts said caution prevailed in the market as the US and Iran exchanged fire for a second consecutive...