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The overall market breadth was positive as 1,812 stocks on the BSE advanced, while 1,366 declined and 165 were unchanged.
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After hitting intra-day low of 57,924.48, the BSE Sensex closed 29.22 points or 0.05% lower at 58,250.26
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All sectors barring the banks and financial services slipped in the red.
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The brokerage firm further added that the company's future growth and potential entry into other businesses trump the revenue growth of peers
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As per market news, GMP for Vijaya Diagnostic Centre is at Rs 5 i.e 1% at the upper price band of the IPO.
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Mazhar Mohammad of Chartview India believes protecting capital should be key focus of investors rather than participating in the last 5% of the rally
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The price increase is coming in the ACP segment in India following increasing raw material costs.
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Ami Organics IPO: We suggest short term investors to book profit on listing day if they receive the allotment," said Yash Gupta of of Angel Broking.
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Vodafone Idea traded 5.68% higher at Rs 8.75 on the BSE at around 9.33 am (IST), while Bharti Airtel was up 1.37% higher at Rs 679.90.
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Sensex advanced 59 points or 0.10% to 58,339 and the Nifty 50 was quoting at 17,372 higher by 10 points or 0.06%.