Indian shares eased off early highs and were largely unchanged in lacklustre trade on Wednesday, as gains in auto and realty indexes were offset by losses in pharmaceuticals and energy stocks.
"Investors are cautious at this moment and hence the markets remain range-bound and we see profit-booking after a couple of session of gains," said Neeraj Dewan, director, Quantum Securities.
"It's more stock-specific now rather than the indexes on the whole as there is a lack of clear fundamentals, but the outcome of the Gujarat elections will have a significant say."
The broader NSE Nifty was up 0.13 percent at 10,340.75 as of 0626 GMT, while the benchmark BSE Sensex was 0.25 percent higher at 33,563.29. The indexes are on course for a fifth straight day of gains.
The Nifty Pharma index was down 0.7 percent after gaining over the last couple of sessions while the Nifty Energy Index traded 0.36 percent lower after rising for four consecutive days.
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