The domestic stock market finally settled the day with decent gains, after skipping up and down throughout the trading session.

The BSE Sensex closed higher by 82.39 points or 0.55% at 14,957.91 and NSE Nifty closed up by 33.80 points or 0.75% at 4,517.80. The BSE Sensex touched intraday high of 15,022.19 and intraday low of 14,621.97.

Further, the BSE Mid Caps and Small Caps Indices also closed the day with gains of 112.96 and 125.60 points at 5,226.16 and 6,011.36 respectively.

After a gap down opening on Tuesday, the domestic market made a smart turn around to recover from the fall on sustained buying across various frontline counters. The market moved into the green territory, ahead of reports of higher advance tax payments for April-June 2009 quarter that boosted the investors' sentiments.

On the sectoral front, the investors were seen on-loading their position across almost all the sectors led by Bankex, PSU, Power, Metal and Realty index.

Losers from the BSE Sensex pack were Sterlite Inds (4.42%), Reliance Inds (1.78%), Bharti Airtel (1.30%), Wipro (1.18%) and Bhel (0.35%).

Gainers from the BSE Sensex pack were Reliance Infra (6.14%) followed by SBIN (4.38%), JP Associates (4.07%), Tata Steel (3.88%), Tata Power (3.66%) and Sun Pharma (3.29%).