Mumbai: It is a record closing of March F&O series with the Nifty ending at 6642, up 40.35 points. The Sensex was up 119.07 points at 22214.37.
About 1668 shares have advanced, 1105 shares declined, and 158 shares are unchanged. SBI, Bharti Airtel, Hero Motocorp, GAIL and NTPC were big gainers in the Sensex.
Among the losers were Dr Reddy's Labs, Sesa Sterlite, Tata Motors, Sun Pharma and Infosys.
The market opened flat but the Nifty managed to hold the 6600 level on March F&O series expiry day. The Nifty is up 2.10 points at 6603.50. The Sensex is up 12.00 points at 22107.30.
About 440 shares have advanced, 139 shares declined, and 28 shares are unchanged. SBI, Wipro, Sun Pharma, Bharti Airtel and NTPC are big gainers in the Sensex. Among the losers are ONGC, Coal India, ITC, Hindalco and Hero Motocorp.
The Indian rupee opened marginally lower in early trade on Thursday. It slipped 11 paise to 60.24 per dollar versus Wednesday's closing value of 60.13 a dollar. Mohan Shenoi of Kotak Mahindra Bank said, "Risk-on in global markets is resulting in FII flows into India keeping rupee well supported.
Dollar buying by RBI and month-end demand from oil companies could, however, prevent significant appreciation. Rupee is expected to trade in a range of 59.90-60.30/dollar." "Ahead of FY15 borrowing calendar and RBI monetary policy, the bond market is expected to be cautious and rangebound.
The range for the 10-year is seen between 8.76-8.81 percent," he added. Global cues, meanwhile, are mixed with the US markets having closed near session lows on heightened Ukraine worries. US President Barack Obama cautioned against complacency on Russian moves in Ukraine.
Asian markets are mixed in trade with the Nikkei falling over a percent. Shanghai and Hang Seng declined over 0.6 percent while Straits Times, Kospi and Taiwan Weighted are flat with a positive bias. US Crude steadied above USD 100 per barrel after data showed oil stocks at the contract's delivery point fell for an eighth straight week to the lowest since January 2012.
From the precious metals space, gold moved up slightly, stepping away from a six-week low as the metal's safe-haven appeal was boosted by weaker equities.