The Sensex ended at 15,857, lower by 26 points and the Nifty ended flat at 4,750.
For the most part of the day the markets traded in a narrow range. Sensex has traded in a range of 170 points in Thursday's session.
According to Ravi Nathani, a Mumbai based technical analyst,"4,800 is very important level for nifty -If it sustains than we might see a fresh rally on charts whereas next resistance would be at 4,860."
DLF was the top loser among the Sensex stocks, down 4% to Rs 179. Reliance Industries also shed 2.3% to end at Rs 699.
Coal India, Maruti Suuki, Hindalco, ONGC, Sterlite Industries, Bharti Airtel, Wipro and HUL were also among the prominent laggards on the BSE benchmark index.
However, J P Associates, Bajaj Auto, Hero MotoCorp, Tata Power, Mahindra & Mahindra, Larsen & Toubro, Cipla, HDFC and Jindal Steel were among the gainers.
Among other shares, Infrastructure Development Finance Company ended 3% higher at Rs 100 after its board approved fund raising plans up to Rs 4,400 crore through issue of long term infrastructure bonds.
CCL Products (India) has rallied 6.5% to Rs 134 on reports that the export of instant coffee reached an all-time high during the calendar year 2011.
The company is the largest coffee exporters accounted 11%
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