Indian stock markets marked its closure on a positive noted on Thursday. The scrips in limelight were real estate, auto, consumer durables and healthcare, whereas metal and oil & gas topped the declining charts.

Midcap and small cap scrips also did to notch gains of 1.23% & 0.97% respectively.

The index also hit an intraday high of 17,389.15. Afterward, it shed the majority of its gains and came off from early highs to close on a positive note.

The 30-share index, BSE Sensex surged 70.06 points to mark its closure at 17,265.87. Meanwhile, Nifty posted a gain of 22.25 points to close at 5,178.90.

The Realty index surged 82.14 points to end at 3,373.63. It was followed by Auto index, up by 161.51 points and Consumer Durables index, increased 60.93 points.

In contrast, the Metal index remained weak and it shed 72 points to close the day at 16,466.13.

The top gainers in the list were Mah & Mah, Tata Motors, ONGC, DLF and JP Associates.

The losers list comprised Bharti Airtel, RIL, Wipro, Hindalco and SBI.

According to Fairwealth Securities, Indian stock markets traded positively as they witnessed buying activity in realty, banking and energy scrips on Thursday (May 13). However, the Sensex closed at 17,265.87 after gaining 70 points. It lost most of the gains during the final hour.

On the other hand, Nifty marked its closure at 5,178.90, up 22 points up as against its last closure.

It opined, "Nifty is expected to test its lower consolidation range. Traders should keep in view 5,080-5,244 range, good buying is expected in the next session. Real estate may attract some buying while banking may face correction."

Expected bullish stocks include DLF, Jsw Steel, ONGC, GAIL, BPCL, HDIL, Tech Mahindra, Infosys, ICICI Bank, Reliance Infra.

Expected bearish stocks are Reliance, Axis Bank, SBI, Canara Bank, Wipro, Tata Motors, Lupin, Cipla, HUL, Maruti.