Nifty closes above 5,000 mark

However,the shares failed to hold on to the gains and ended with a marginal rise of less than 1 per cent.

The 30-share index,which commenced higher,closed the day at 16,843.54,up by 36.88 points from the previous close. It briefly touched the day8217;s low of 16,775.36 on profit selling.

Tata Steel rose smartly on expectations of better revenue as company announced a rise in sale this quarter.

Similarly,the wide-based National Stock Exchange index Nifty added 16.50 points up at 5,002.25.

Marketmen said inflation easing to 0.70 per cent for the week ended September 26 had morale -boosting effect on investors,who looked set to book profit at higher levels.

Among the 30-BSE index stocks,22 stocks ended in positive zone while eight closed lower.