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While select blue-chips such as Bharti Airtel and Wipro attracted buying, Tata Steel and Tata Motors came under selling pressure.
In choppy trade, the BSE Sensex moved in a range of 170 points before settling up by 11.22 points at 15,781.07, thus completing six straight days of gains, the longest winning streak in four months.
Experts said market is facing a strong resistance at these high levels. "The market is having an upward bias but is facing a strong resistance at this levels," said Bonanza Portfolio Assistant Vice President Avinash Gupta.
After the announcement of the new Foreign Trade Policy, which extended many tax incentives for trade with Asian and African markets, textile stocks gained in the range of 1-3 per cent after shedding some initial gains.
"Textile shares had been going up in the recent past in anticipation of trade policy announced today. The shares ended with gains. But they were off their highs. The shares softened in the later part of the trading," said Gupta.
Elsewhere, Asian indices closed in the red with the Hang Seng down 1.04 per cent and Nikkei 1.56 per cent while European markets were trading in the green Thursday afternoon.
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