Sensex rose 3.52 points to close at 25606.62 after trading in a 300-point range on Friday. Nifty touched an intraday low of 7788.70, before closing up 2.55 points at 7849.80.
Experts feel that present consolidation could be a sign of more rally in near future. They expect Nifty could cross 8000 level soon, due to improving fundamentals and stable commodities.
India has seen a steady progress in economic data, which will continue to be the case in future, too, Sandeep Bhatia of Macquarie was quoted as saying by moneycontrol.com.
He added that among emerging markets, India will stand out in receiving foreign institutional investors (FIIs) inflows.