It was a lacklustre start to the year 2012 for the Indian market which opened flat and remained within a tight range for most part of the day. In the last hour, the benchmark indices surged, aided by oil & gas, IT and banks, and managed to close with modest gains. Sensex shut shop at 15517, up 63 points and Nifty at 4636, up 12 points from the previous close. CNX Midcap index was down 0.3% andBSE Smallcap index was up 0.1%. The market breadth was positive with advances at 693 against declines of 584 on the NSE. Top Nifty gainers were Coal India, Tata Motors and Rcom while losers included Bajaj Auto, Sesa Goa and Hero MotoCorp.
