It crossed the 4700 mark during the day but closed well below that level. It was the sixth consecutive day of positive closing for the markets.
The equity benchmarks started on a weak note following weak Asian cues but did not extend the losses. They remained rangebound for the whole day and did not show any significant move on either side.
Among the Asian markets, Nikkei lost 1.5 pc; Shanghai, Jakarta, Hang Seng, Kospi and Taiwan Weighted fell 0.4-1 pc while Straits Times was up 0.5 pc. European markets and the US index futures were flat in trade at the time of closing of Indian equities.
The 30-share BSE Sensex closed at 15,781.07, up 11.22 points, after seeing an intraday high of 15,853.71 and low of 15,685.49. The 30-share NSE Nifty went up just 7.35 points, to settle at 4,688.20. It touched a day's high/low of 4707.90 and 4645.15, respectively.
Mkts positive; Sensex up by 60 pts
At 12:40 pm, Nifty touched the 4700 mark on the back of support from Bharti Airtel, Wipro, ONGC, Reliance Industries, SBI, L&T and Infosys.
The Sensex was up 60 points, to 15,830 and the Nifty up 21 points, to 4,702. Positive European cues were also supportive to our markets.
NTPC, Cipla, Tata Power, BHEL, Power Grid, Sun Pharma, Ambuja Cements, ACC, Sterlite, SAIL, M&M, Ranbaxy and PNB were other gainers.
However, selling continued in ICICI Bank, HUL, HDFC, HDFC Bank, DLF, Reliance Communication, Tata Steel, Tata Motors, Hero Honda and Suzlon Energy.
Among the broader indices, the BSE Midcap Index rose 0.9 pc and Smallcap Index up 1.5 pc. About 1,886 shares advanced while 969 shares declined on the BSE. Nearly 328 shares were unchanged.
Top percentage gainers - Omnitech Info, R Systems International, Shrenuj and Company, IVP, Radico Khaitan and Zuari Industries were up 13-17 pc.
Top percentage losers - Shri Baj Alloys, TCPL Packaging, Invest and Precision, IFGL Refractory, Hydro SandS, Lotus Eye Care, WS Industries, HOEC and Action Construction lost 5-9 pc.
Nifty volatile; RIL, ICICI, DLF dip
At 10:35 am, the Nifty was witnessing volatility. Reliance Industries, ITC, ICICI Bank, L&T, HDFC, DLF, HUL , HDFC Bank, Reliance Communication, Tata Steel, Hero Honda, Tata Motors, Reliance Infrastructure, Unitech and Hindalco were witnessing selling pressure.
However, buying continued in Bharti Airtel, Wipro, TCS, Infosys, BHEL, SAIL, Cipla, Sun Pharma, Ambuja Cements, ACC and Maruti Suzuki.
The Sensex was down 15 points, to 15,754 and the Nifty fell 5 points, to 4,675. However, about 838 shares advanced while 212 shares declined on the NSE. Among the broader indices, the BSE Midcap Index rose 0.6 pc and the Smallcap Index up 1.4 pc.
In the midcap space, GMDC, IRB Infra, Ackruti City, Videocon Industries and HOEC were up 5-8 pc while Phoenix Mills, Indiabulls Real, Shriram Transport, HCL Info and Puravankara Projects lost 2.5-5 pc.
In the smallcap space, Rajesh Exports, Banco Products, Radico Khaitan, Jyothy Labs and Dalmia Cement gained 7.5-11.6 pc while
Geojit BNP, JMD Telefilms, Action Construction, Indraprastha and Indo Rama Synthetic fell 3-5 pc.
Mkts open weak; Sensex down by 52 pts
The Sensex started the settlement day on a weak note following negative Asian cues. Fall in base metals also impacted the steel stocks in the early trade.
At 9:58 am, the Nifty was down 16 points, to 4,664 and the Sensex fell 52 points, to 15,717. The broader indices were flat in trade. About 504 shares advanced while 244 shares declined on the NSE.
Among the frontliners, Tata Steel (ahead of Q1FY10 consolidated numbers), Ranbaxy Labs, Tata Motors, Hindalco, Unitech, ICICI Bank, PNB, Reliance Industries, ITC, Hero Honda, L&T, Siemens and Nalco lost ground.
However, Wipro and TCS were up over 1 pc post receiving British Petroleum order. Bharti Airtel, Cipla, Cairn India, Ambuja Cements and ACC were the other gainers.
In Midcap space, Textile stocks like Alok Industries and Arvind continued their rally, up 3 pc each. KPIT Cummins was up 5 pc in the technology space. Suven Life Sciences was up another 6 pc after seeing upper circuits for last three days.
Marksans Pharma and Shasun Chemical went up 5 pc each. JM Financial up 5 pc post block deal. However, Indiabulls Real lost 5 pc. HDIL and Ansal Properties were down 1 pc each.