Jio Financial, Bharti Airtel, Eternal, Eicher Motors, HCL Technologies were among major gainers on the Nifty, while losers included Trent, Tata Motors, Axis Bank, Tata Consumer and HUL.
Trends in the GIFT Nifty indicate a positive start for the broader index in India, with a gain of 117 points or 0.52 percent.
The recent consolidation in Nifty amid weak global cues indicates time-wise correction and traders should maintain a positive bias until the Nifty holds 22,200 level, sayd Ajit Mishra, SVP - Technical Research, Religare Broking.
While the benchmark indices ended flat, banking shares showed strength, led by HDFC Bank. The midcap index too continued to outperform.
Trends in the GIFT Nifty indicate a flat to negative start for the broader index in India, with a loss of 23 points or 0.10 percent.
BSE Midcap and Smallcap indices ended on a flat note.
Closing Bell | After Nifty hit an all-time high of 22,297 in early trade, weakness in banking stocks weighed on the benchmark as it closed at 22,212 on February 23. Sensex also closed flat at 73,142, while broader indices Nifty Midcap 100 and Nifty Smallcap 100 gained 0.3 percent each, outperforming benchmarks.
Broader indices performed inline with main indices with BSE midcap and smallcap indices rising 0.5 percent each. Bajaj twins, Titan, IndusInd Bank and Tata Consumer Products were among the top gainers on Nifty
Signalling their positive outlook on Indian stocks, foreign funds increased their exposure to 29 Sensex firms, including HDFC, Mahindra & Mahindra and Maruti Suzuki India, in the third quarter ended December, 2012.
According to a report by Angel Broking, if Nify trades below 5915 levels for the first half-an-hour of trade then it may correct up to 5881-5854 levels.
Hemant Rustagi, Wiseinvest Advisors in an interview to CNBC-TV18 says, initially it may be wise for small business owners to put the profit back into their business but over the long-term because investing money in a small scale business is a risky preposition.
Picking the stocks in news today, SP Tulsian of sptulsian.com shares his strategy on Patni, Jain Irrigation, NCC, Havells and ONGC.