After a weak start and a subsequent smart rebound, the Indian stock market faltered and plunged into the red around mid morning, but recovered once again and regained most of the lost ground towards close.
While weak global markets and the Bhartiya Janata Party's win in the Gujarat state assembly elections rendered the market weak early on, expectations of more economic reforms pulled it from lower levels.
The BSE Benchmark Sensex, which declined to 19,335.72 after , ended the day with a loss of 22.08 points or 0.11% at 19,453.92. The Nifty index of the National Stock Exchange settled at 5916.40, down 13.20 points or 0.22%. It touched a high of 5937.60 and a low of 5881.45 during the session.
Metal stocks started off on a weak note on profit taking, but bounced back to end the session well off their lows, with a few of them even posting smart gains.