Equities witnessed intense volatility, conventionally gave away most of its early sharp gains to finish marginally up by 1.20 points to 7,789.30 at the National Stock Exchange (NSE).
The market highly positive on overnight US stock gains as well as the Finance Ministry's FSDC statement on country's strong macro-economic fundamentals and there is no immediate cause of worry due to the international economic situation.
Heavy bouts of buying and tinge of shortcovering took key index well above the psychological 7,800 level initial trade itself.
However, the momentum could not be sustained as market players sensed caution ahead of the key macro numbers of IIP data to be released after market hours, gradually they also preferred to stay on sidelines ahead of US Fed Reserve two day policy due next week on rate hike decision. While continued FII selling added to the market volatility.
Elsewhere, Asians stock ended mixed on uncertainty over US fed interest rate hike, while European markets were trading lower.
The 50-share NSE index opened up-gap at 7,833.80 and hovered between 7,864.85 and 7,759.90 before closing at 7,789.30, showing a marginal gain of 1.20 points, or 0.02 per cent.
Realty, PSU Banks, FMCG, Financial, IT and Pharma counters gained, the broader MidCap ended flat while SmallCap shares witnessed buying activity.
While, Auto, Infra and Metal segments saw selling.
Stock-wise, Bank of Baroda, BPCL, Wipro, HDFC and SunPharma were the major gainers in today's trade.
While, Cairn, Tata Steel, BHEL, VEDL and Tata Motors were notable losers.
Turnover in the cash segment plunged to Rs 14,352.13 crore as compared to Rs 17,184.85 crore yesterday.
A total of 7,556.71 lakh shares changed hands in 6,884,755 trades and the total market capitalisation of NSE stood at Rs 9,295,179 crore.
