It was a lacklustre day for markets as Nifty July futures series got expired in todays trade and inflation is likely to be around 12%, which will be announced in the evening. Stocks specific activity was seen in select large and midcap stocks. Both broader indices remained rangebound through the day; Nifty broadly hovered around 4,300 level and Sensex too rangebound at around 14,200-14,300 zone.

Buying was seen in metal and oil & gas sectors while selling in pharma, technology, banking and telecom stocks. Market breadth managed to close slightly in positive; about 1420 shares have advanced while 1532 shares declined. Nearly 202 shares remained unchanged.

The Sensex closed at 14,355.75, up 68.54 points or 0.48%, after hitting an intraday high of 14,369.59 and low of 14,161.76. Nifty end with a gain of 19.4 points or 0.45% at 4332.95. It touched a high/low of 4342 and 4285.55.

Reliance Industries, DLF, ONGC, Wipro, SAIL and Tata Steel were main movers while ITC, Bharti Airtel, SBI, TCS, HDFC Bank and Reliance Communications draggers for both indices.

July Futures series was also dull; Sensex fell 0.4% while Nifty up 0.4%. BSE IT went down 11.8% followed by BSE Metal down 7.3% and Auto down 5.3%. BSE Small Cap fell 3% and CNX Midcap down 0.7%.

Amongst frontliners, Siemens was up 4.52%, DLF 4.46%, Tata Power 4%, Tata Steel 3.96%, SAIL 3.53%, SBI 2.03% and Reliance Ind 1.99% while Zee Entertain lost 5.23%, Power Grid Corp -3.51%, NALCO -3.07%, Tata Motors -3.13%, PNB -2.84%, Grasim -2.78%, Maruti Suzuki -2.36%, Wipro -1.53% and Bharti Airtel -1.33%.

Metal Index rose 1.68% or 213.91 points to settle at 12,912.61. Tata Steel, SAIL, Bhushan Steel, Sterlite Ind, Ispat Industries, Sesa Goa and Welspun Guj ended with gain of 1-4%.

Oil stocks like Cairn India, Reliance Ind, Essar Oil, ONGC and Aban Offshore jumped 0.5-2.5%. Oil & Gas Index shot up 1.27% or 121.74 points at 9,729.48.

Power Index surged 0.78% at 2,574.27 due to buying in GMR Infra, Tata Power, Suzlon Energy, Reliance Power, GVK Power and Torrent Power.

Realty stocks like DLF, Puravankara Proj, Mahindra Life, Peninsula Land, Sobha Developer and Omaxe were up around 2-4%. Index rose 0.74% at 5,079.01.

Capital Goods Index was up 0.48% at 11,683.80. Elecon Engg, Kirloskar Oil, Siemens, AIA Engineering, Praj Industries, BHEL and L&T shot up higher.

FMCG stocks like Britannia, Godrej Consumer, Nestle, GlaxoSmith Cons and HUL have gained 0.46%-2.2%. FMCG Inded gained 5.96 points or 0.28% at 2,139.18.

However, Healthcare Index lost 45.88 points or 1.09% at 4,162.03 due to selling in Sterling Bio, Matrix Lab, Bilcare, Dr Reddys Labs, Wockhardt and Glenmark.

Telecom stocks like MTNL, Idea Cellular, Bharti Airtel, TataTeleservices and Reliance Comm have lost ground.

IT Index fell 0.87% at 3,689.57. Selling was seen in Patni Computer, Financial Tech, Wipro, HCL Tech, Infosys and TCS.

Banking stocks like Karnataka Bank, Axis Bank, PNB, Federal Bank, Kotak Mahindra, IOB and IDBI Bank have tumbled. Index lost 0.10% at 6,516.41.

Most active shares on the bourses were Reliance Industries, Tata Steel, Reliance Infra, Reliance Communication, Bharti Airtel, Infosys Tech and Ranbaxy Labs.

Total turnover traded by markets stood at Rs 85024.28 crore. This includes Rs 64,640.25 crore from NSE F&O segment, Rs 15,330.32 crore from NSE Cash and the balance from 5,053.71 crore from BSE cash segment.

Asian markets ended mixed. Nikkei gained 0.07%, Hang Seng 0.18%, Jakarta Composite 1.13%, Straits Times 0.14% and Kospi 1.08% while Shanghai Composite fell 2.15% and Taiwan Weighted down 0.65%.