The Sensex, after opening 18.60 points higher, fell sharply by 122.69 points at 9761.82 in the first five minutes of trade.
MUMBAI: The stock markets on Monday swung in relatively lower range and ended 113 points up at 9,997.84 points, extending gains to third day in a row, amid sustained FII inflows and the market regulator's decision to take steps to curb market volatility.
The markets moved back and forth between 10,049.94 and 9,755.21, a range of 294.73 points, partly influenced by global trend as also a cautious approach by retail investors.
The 30-share Sensex, however, ended the day at 9,997.84 points, slightly below 10,000 point mark from its last close of 9,884.51 points, netting rise of 113.33 points or 1.15 per cent.
The National Stock Exchange's (NSE) S&P CNX Nifty also advanced by 26.55 points or 0.92 per cent to 2,916.90 from last weekend's close of 2,890.35 points.
The markets, which were largely influenced by a downtrend in Asia during the day, boosted at the fag end of session, driven by a firm trend in early trade in European markets.
While Asian markets like Japan, Singapore, Korea and Hong Kong witnessed bearish trend, European markets such as London, German and France remained strong in early trade.
Foreign Institutional Investors (FIIs) were believed to be heavy buyers throughout in the cash as well as the Futures segments. FIIs pumped in Rs 1,247 crore in derivatives on June 16 and, according to provisional numbers on the NSE web, also reported net purchases of Rs 599 crore in cash.
RIL spurted on news that the company will sign a deal with Haryana States Industrial Development Corporation to set up a Special Economic Zone (SEZ).
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