The broader Nifty rose 0.1 percent, or 6.25 points, to 6,589.75, while the benchmark BSE Sensex ended flat at 22,055.21.

The Nifty and Sensex had earlier hit their lifetime highs of 6,595.55 and 22,079.96 respectively, surpassing their previous all-time highs hit.

Among blue chips, Larsen & Toubro rose 1.5 percent, while Hero MotoCorp gained 3.3 percent.

Also, ICICI Bank Ltd gained 0.8 precent, while ITC Ltd rose 0.6 percent.

Arvind Limited gained 5.7 percent after the retailer said that a unit had bought a 49 percent stake in Calvin Klein India for an undisclosed amount.

Shares of gas distributor Indraprastha Gas Ltd rose 4.1 percent after the country's election commission asked the government to defer a planned hike in gas prices due to start on April 1.

Shares of other companies dependant on gas also rose. Tata Power Co Ltd gained 1.4 percent, while Chambal Fertilisers and Chemicals Ltd rose 3.6 percent.

However, Reliance Industries ended 2.9 percent lower and ONGC lost 0.4 percent as the potential delay in gas price hike was seen hitting their earnings.

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