Indian Stock markets are heading towards a quiet close after a range-bound trading session. NSE Nifty touched an intraday high of 5159 and a low of 5101. At higher levels, selling pressure is witnessed in most counters and the markets slide. The trading volumes are lower as well.

Among major gainers were Mastek, Infosys Technologies, Tech Mahindra and M&M. Pharmaceutical major Ranbaxy Labs was down by 1.68%. Orchid Chemicals was trading 3.2% lower.

Satyam Computers was trading strong in the morning and touched an intraday high of Rs 518.50. However, the stock slipped into red after first hour of trading session. Around 3 pm, the stock witnessed a sharp correction and touched an intraday low of 484.60. The volume of shares traded during 5 minute was very high. At 3.04 pm, total traded volume on NSE for the counter was 6 million. The stock recovered smartly within 10 minutes and was trading at Rs 493 at 3.06 pm IST.

Real estate major DLF was trading 2.93% down at 2.56 pm IST. The stock touched an intraday high of Rs 672 and a low of Rs 644. L&T was down by 2.51%.

Banking counters were trading lower. Bank of India was down by 4.3%. ICICI Bank was down by 1.2% HDFC Bank and Oriental Bank of Commerce were marginally down.

Markets are expected to close flat due to absence of any strong triggers. US Markets closed marginally higher on Tuesday.