The Nifty50 which started on a bullish note on Monday rose to an intraday high of 10,850 but failed to close near day’s high as investors preferred to book profits at higher levels. The index managed to reclaim 10,770 but failed to close above 10,800 levels.

Benchmark indices erased all its morning gains in the final hour of trading as some selling pressure was seen in metal, energy, realty stocks which pulled the Nifty below 10,800.

The Sensex was up 39.80 points at 35,483 and the Nifty up 19.30 points at 10,787\. The market breadth was positive with about 1517 shares have advanced, 1162 shares declined, and 151 shares are unchanged.

As many as 65 stocks hit a fresh 52-week high on the BSE which include names like Nestle India, Bajaj Finserv, Pfizer, Bajaj Finance, Avenue Supermarts, AstraZeneca etc. among others.

Sectorally, the S&P BSE Telecom index rose 1.56 percent helped by gains in Bharti Airtel, followed by the S&P BSE Consumer Durable index which gained 1.03 percent, and the S&P BSE Healthcare index which rose 0.5 percent.

The S&P BSE Realty index slipped 0.7 percent, followed by the S&P BSE Metal index which was down 0.35 percent, and the S&P BSE oil & gas index slipped 0.2 percent.