The BSE Sensex and NSE Nifty erased half of gains due to fall in State Bank of India and TCS. ICICI Bank, Tata Motors and Larsen & Toubro saw somewhat profit booking. But the market breadth remained in favour of advances.
The 30-share BSE Sensex rose 93 points to 17,277.97 and the 50-share NSE Nifty gained 27.25 points at 5,243.55.
State-owned power equipment manufacturer BHEL and private power producer Tata Power shot up over 2.5%.
Top car maker Maruti Suzuki extended losses, losing more than 8% due to strike at its Manesar plant
Infosys, India's No. 2 software services exporter topped the buying list, rising 3% while its rivals TCS and Wipro gained 0.5% and 1.2%, respectively.
Among metals stocks, Sterlite Industries and Hindalco rallied 2% each. Tata Steel and Jindal Steel moved up 1% each.
Top commercial vehicle maker Tata Motors and country's second largest two-wheeler manufacturer Bajaj Auto jumped 1.4% and 1.7%, respectively.
Private sector lender ICICI