The markets opened with bang but profit booking set in at the higher level and the Nifty closed flat and Sensex ended with marginal gains. But it was an all time high close for Sensex. The cues from Asia were not positive and even Europe opened in red. Selling pressure was seen in bank, FMCG, IT, oil & gas and cement stocks.Broader markets outperformed the benchmark indices. Auto and capital goods provided support at the lower levels. Midcaps like IVRCL, IFCI, RNRL, Gujarat Alkali, Sintex were buzzing during the day.

The turnover was huge despite starting the new series and 11.5 points was the discount for Nifty July futures.

Sensex is up 44.07 points or 0.30% at 14694.58, and the Nifty up 4.60 points or 0.11% at 4322.9.

About 1457 shares have advanced, 1069 shares declined, and 76 shares are unchanged.

The BSE Small Cap Index closed at 7,783.26 up 0.7%.