The stock market pruned its gains after rising sharply in early trade on Friday due to profit taking at the day’s higher levels.

The BSE Sensex which rose 220 points to an early high of 16,283.86 met with selling pressure from traders.

The Sensex closed in the positive territory at 16,149.30 points, up by 85.40 points, with 19 of its components advancing while 11 declined.

Energy giant Reliance Industries was up by Rs 16.85 at Rs 1,958 on the NSE after peaking to Rs 1,974 in early trade.

The NSE index Nifty too was up 32.60 points at 4,798.15.

PSU shares were up today after the Centre asked the central public sector undertakings to sell at least 10% stake to the public. The PSU index surged 3.90 per cent to 8,794.80 after the Centre gave its disinvestment programme a big push.