Gains were led by index heavyweights with Reliance Industries contributing the most.
Axis Bank was the top laggard in the Sensex pack, plunging more than 5 per cent, followed by HDFC, Bajaj Finance, ICICI Bank, Tata Steel, Bajaj Auto, HDFC Bank and IndusInd Bank. On the other hand, M&M, Infosys, Asian Paints, UltraTech Cement and Tech Mahindra were among the gainers.
The 30-share Sensex ended flat at 21,833 and 50-share Nifty gained 7 points at 6,524.
The 30-share Sensex ended up 40 points at 20,891 mark and the 50-share Nifty ended up 14 points at 6,203 levels.
The 30-share Sensex of the Bombay Stock Exchange closed 86.55 points higher at 21,337.67 and the National Stock Exchange Nifty index closed at its highest closing levels in 2014, up 25.15 points at 6,338.95.
Reliance up 0.94%, Sun Pharma up 2.85, ICICI Bank up 0.76%, Bharti Airtel up 1.56% and Tata Steel up 2.2% were the top Sensex gainers today.
TCS, ICICI Bank, Tata Motors and Tata Steel among the top losers for the day.
Banks and Capital Goods scrips among the top losers in noon deals.
Coal India moved higher by over 3% to Rs 263, despite of weak April-June (Q1FY14) results, on expectation of earnings improvement by going forward.
Coal India and Tata Motors up 1.5% buck the larger market trend.
The gains in IT majors were negated by losses in heavyweights like L&T, ITC, HUL and M&M.
the broader NSE Nifty settled 114.90 points, or 0.96 per cent, higher at 12,086.70. Axis Bank was the top gainer in the Sensex pack, rallying 4.21 per cent, followed by Vedanta 3.75 per cent, SBI 3.39 per cent, Maruti 3.20 per cent, IndusInd Bank 3.07 per cent and Yes Bank 2.87 per cent. Bharti Airtel slipped 1.98 per cent, Kotak Bank 1.38 per cent, Bajaj Auto 0.88 per cent, Asian Paints 0.31 per cent, HDFC Bank 0.05 per cent and HUL 0.03 per cent.
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
At close, the Sensex was up 407 points or 2.3% at 18,313 and the Nifty advanced 106 points or 2%, to close above the psychological levels of 5,400 at 5,408.
At close, the Sensex was up 0.7% or 124 points at 18,789 and the Nifty gained 0.8% or 46 points to end at 5,565.
Short covering in index heavyweights like HDFC, HDFC Bank and TCS aided the upmove.
S&P BSE Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
Benchmark indices weighed down by software and financial shares coupled with weak global cues.
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
Top losers in the Sensex pack on Friday included Bajaj Finance, ONGC, IndusInd Bank, PowerGrid, L&T, Axis Bank, NTPC, Bharti Airtel, HDFC, HDFC Bank and Kotak Mahindra Bank, falling up to 2.08 per cent.
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
Heavyweights like Reliance, L&T, Tata Motors, ICICI Bank, HDFC Bank, Bharti Airtel, TCS, ONGC and SBI among the draggers.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Firm global cues, along with gains in FMCG majors ITC and Hindustan Unilever aid the upmove.
ICICI Bank and HDFC Bank help the upmove.
While Vedanta was the biggest gainer in the Sensex pack rallying 4.67 per cent, others included Tata Steel, ONGC, NTPC, Yes Bank, Infosys, Sun Pharma, Bharti Airtel, SBI, Bajaj Finance, L&T and RIL, rising up to 4.13 per cent.
At first glance, the numbers show a mixed trend.
Benchmark share indices ended lower on Friday dragged by rate-sensitive shares as hopes of a rate cut remained elusive after better-than-expected Apr-Jun GDP data. Selling pressure in index heavyweight Reliance Industries also dampened sentiment.
While the amount collected is a tad lower than last two years, it may surpass the previous two years' collections by the end of the year.
The markets opened in the positive terrain with strong global cues
Key benchmark indices closed for the day marginally higher amidst volatile trades with the Sensex closing up 37 points at 17,463 and the Nifty added 15 points to end the day at 5,302. The ones leading the gains were banks and metal scrips.
Benchmark shares indices end flat on Tuesday, amid a volatile trading session, as gains in financials and telecom shares were erased by losses in FMCG and IT stocks. The 30-share Sensex ended up 27 points at 17,426 and the Nifty added nine points at 5,288.
The market breadth in BSE remains healthy with 1,476 shares advancing and 828 shares declining.