Mumbai, May 21 || The Indian stock market closed in positive territory on Wednesday, with the benchmark indices showing gains despite some ups and downs during the day.
The Sensex reached an intra-day high of 82,021 but later retreated slightly to close at 81,596.63, up by 410.19 points or 0.51 per cent.
The Nifty also ended the day higher, gaining 129.55 points or 0.52 per cent to settle at 24,813.45.
“The index was caught in a tug-of-war between bulls and bears, ending the day volatile and directionless,” Sundar Kewat of Ashika Institutional Equity said.
“Meanwhile, pressure mounted on consumer durables, private banks, and media stocks, weighing on overall sentiment,” he added.
On the Nifty options front, significant 'call OI buildup' was noted at the 25,000 strike, while 24,700 and 24,000 held the highest open interest on the put side.
Most stocks in the Sensex performed well, led by Bajaj Finserv, Tata Steel, Tech Mahindra, Sun Pharma, and Bajaj Finance, which saw their share prices increase by up to 2.02 per cent.