Benchmark indices opened the day lower, as Asian markets were weak, despite higher closings across the US markets.
BPCL also gained ground after a slight drop in oil prices. However, most of the other Nifty stocks were trading in the red.
Shares in V Mart retail rallied 13 per cent on reports that Morgan Stanley and renowned investor Ashish Dhawan had made purchases in the company.
Shares in Sun TV slumped 6 per cent, after early election results showed that the AIADMK was set to return to power in Tamil Nadu.
However, IDBI Bank and IRB were among the few gainers in trade from the Mid cap space.
Shares in J K Lakshmi Cement rallied after the company reported better than expected results. Meanwhile, most of the Asian markets were trading lower.