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The benchmark indices the BSE Sensex and the NSE Nifty were little changed at the close of a subdued session on Wednesday.
The Sensex ended the day at 21,832.86, a mere 0.25 points up. The Nifty was at 6,524.05, up 7.40 points or 0.11 per cent higher.
The top gainers on the BSE were Tata Steel (up 4.58 per cent), Hindalco (4.44 per cent), Axis Bank (2.78 per cent), SSLT (2.09 per cent), HDFC (1.77 per cent) and Bharti Airtel (1.35 per cent). The prominent losers in the session were GAIL (down 2.53 per cent), Coal India (2.63 per cent), M&M (2.79 per cent), ONGC (3.22 per cent), Infy (2.32 per cent) and TCS (3.84 per cent).
Of the BSE sectoral indices, the metal index was up over 2 per cent, while the FMCG counter had gained over 1 per cent. The banking, healthcare and capital goods indices held gains of less than 1 per cent. The technology and IT indices were down 1.63 per cent and 2.24 per cent respectively at close.
A report by India Forex Advisors said, "Rupee is seen trading on a firm note amid mixed cues from the global markets. US dollar is trading lower, Ukraine-Russia concerns seem to be easing, and markets are eagerly waiting for the FOMC meeting outcome".
Globally, markets were reacting to news from Crimea, while marketmen here were bullish with growing expectations for a BJP-led coalition being elected to power in the ensuing polls.
Asian shares were mixed at close as the market weighed the situation in Ukraine and ahead of a statement by the Federal Reserve on its monetary policy meeting. While the Nikkei and the ASX200 were in the positive zone, the Hang Seng and the Shanghai indices had slipped into the red.
In the US the markets gained following the release of housing data that bolstered confidence in an economic recovery and Russian President Vladmir Putin's statement that the country had no intention of splitting Ukraine.
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