Global risk factors are also weighing on sentiment, with regional shares faltering on Monday after HSBC's final reading of China's April PMI contracted for a fourth consecutive month.
FII's remained buyers of cash shares, they have turned sellers in index futures, totalling Rs. 243 crore over the five previous sessions until Friday.
Analysts broadly expect shares to remain pressured, and off the record highs hit late last month, ahead of the outcome of elections on May 16.
Nifty is struggling near 6,700 level for the last four trading sessions. With mixed cues directing the market, there is an indecision seen at higher levels.After a strong one-sided rally witnessed in the last few weeks, we expect some consolidation. Nifty is likely to trade within 6,500-6,850 in coming sessions and the volatility could increase nearing counting day.
The Sensex closed 0.18 per cent higher at 22,445.12, while the Nifty closed 0.07 per cent up at 6,699.35.
Reliance Industries gained 2.02 per cent after it fell 4.21 per cent in the five sessions until Friday. ITC advanced 1.31 per cent after falling 3.7 per cent during the five previous sessions.
Metal stocks advanced after a rise in copper prices, . Hindalco Industries, which fell 8.6 per cent in the five sessions until Friday, gained 5.5 per cent while Tata Steel, which lost 8.4 per cent in the same period, gained 1.9 per cent.
Shares in Alstom T&D India ended 0.42 per cent lower after General Electric Co on Monday offered to buy 25 per cent in the Indian unit of Alstom SA's valued at up to $278 million.
However, the other unit of Alstom, Alstom India, gained 1.47 per cent. Although GE also made an offer to the company, traders cited differing valuations.
GE will proceed with the offers for the Indian companies only if its bid for Alstom's energy arm goes through, the filings said.
Canara Bank gained 6.6 per cent after the net NPA fell to 1.98 per cent during the January-March quarter from 2.39 per cent in the previous quarter.
Reliance Communications fell 3.97 per cent after its consolidated net profit dropped more than expected in the January-March quarter.
Bharti Airtel fell 1.63 per cent, declining for the fifth straight session after its earnings out on April 29 disappointed some investors.