The Nifty ended comfortably above the crucial 5500 mark at 5546, up 64 points.
The Nifty shed 88 points to end the day at 5,417.
The Nifty shed 11 points at 6,146. In the broader markets, the midcaps shed 0.2% and the smallcaps ended flat at 9,841.
In the broader markets, the smallcap index gained 1% and the midcap index added 0.9% to outperform the BSE benchmark index. The Sensex closed gaining 0.2%
In the Sensex pack, index heavyweight Reliance Industries fell 2.84 per cent to Rs 1,057.15 after reports that the company's oil assets may take a hit due to the government's imposition of cost controls on soaring petrol and diesel prices.
Yes Bank was the top gainer in the Sensex pack, rallying 6.74 per cent, followed by TCS, Tata Motors, Bharti Airtel, M&M and RIL.
The Nifty is at 5942, up 59 points. The market breadth is positive. Out of 2989 stocks traded on the BSE, there are 1782 advancing stocks as against 1125 declines.
Indian equity, forex, money and commodity markets will remain closed today on account of Mahashivratri.
The Nifty PSU Bank pared losses to end flat after falling as much as 1.05%
Nifty is up 7 points at 5,415. The market breadth is positive. 1817 stocks have advnaced whike 973 have declined.
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Sectorally, BSE metal, basic materials, energy, realty, power, oil and gas, finance, FMCG, bankex and telecom indices fell up to 1.71 per cent.
The Nifty shut shop just shy of the elusive 5500 mark at 5486, up 46 points.
Sun Pharma was the biggest loser among Sensex components, plunging 3.94 per cent, followed by Tata Steel falling 3.12 per cent.
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BSE Auto was the top sectoral loser with a 4.6% fall followed by realty sector down 3.7% and consumer durables 3.6% post disappointing IIP numbers
Kotak Bank was the top gainer in the Sensex pack, ending 4.31 per cent higher. PowerGrid, TCS, ICICI Bank, SBI, HCL Tech, NTPC, Infosys, Bajaj Finance, HDFC duo, ONGC, Vedanta and IndusInd Bank too rose up to 2.84 per cent.
NTPC was the top gainer, spurting 4.28 per cent. Other winners were Bajaj Auto, Bajaj Finance, Sun Pharma, ITC, Hero MotoCorp, TCS, Yes Bank, HDFC, HDFC Bank and SBI, rising up to 1.38 per cent.
Tech Mahindra was the top loser in the Sensex pack, crashing over 9 per cent, followed by Kotak Bank, Axis Bank, TCS, Infosys and HUL. On the other hand, Hero MotoCorp, Bajaj Auto, Bajaj Finance and Titan were the gainers.
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
In the Sensex pack, Hero MotoCorp, IndusInd Bank, Bajaj Auto, Maruti and M&M were the top gainers, spurting up to 2.66 per cent.
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25