Mumbai, Dec 29 (Inditop.com) A key Indian equities index gave up its gains Tuesday to close flat, just 0.24 percent higher than its previous close, even as broader indices managed sizeable gains.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,388.67 points and closed at 17,395.52 points, up 40.95 points or 0.24 percent from its previous close at 17,360.61 points.

It had risen over 125 points to 17,486.05 points in the last hour of trade.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was at 5,186.3 points, against the previous close at 5,178.4 points, a gain of 0.15 percent.

Broader market indices did better with the BSE midcap index ruling 0.5 percent up and the BSE small cap index 1.16 percent higher.

The market breadth was tilted towards the positive, with 1,867 scrips advancing, 963 declining and 71 remaining unchanged.