The domestic stock indices reversed early gains and turned volatile in late morning trade on Thursday due to a sudden sell-off in auto and banking stocks.
The NSE Nifty was also trading higher by 22.35 points, or 0.22 per cent, to quote at 9,986.90. Seven out of eleven sectoral indices of NSE were trading in green including Nifty IT, Media, Metal, Pharma, PSU Bank, Realty with gains up to 1.56% while Nifty bank, Auto, Fin Service, FMCG and Pvt Bank were trading in red with losses up to 0.27%.
Mid- and small-cap indices closed mixed.
Indian shares ended lower on Friday, after jumping to record highs twice this week, as investors turned cautious ahead of inflation data and booked profits.
Mumbai: The benchmark Sensex pared early gains, quoting up 42.71 points at 31,491.74 in a choppy trade amid sustained capital outflows. Around 3.5 million shares of the company changed hands in a block deal, Bloomberg reported.
Global leads were not too supportive as Asian shares remained indecisive and European stocks opened lower despite easing tensions involving North Korea.
Conor McGregor-Paulie Malignaggi Sparring Video Released
McGregor said he posted only the first photo intentionally, claiming the second photo of the grounded Malignaggi "got leaked". It's been watch over 2.7 million times in the past few days - you can check it out here.
"Markets rallied sharply higher on Wednesday after a weak opening to close with gains for the second consecutive session".
Hong Kong's Hang Seng Index slipped 0.30 percent by 3:09 p.m. HK/SIN as earnings reporting season continued. A negative daily close would mark completion of the pullback, post which one can look to initiate fresh short position.
Indonesia markets were closed for a public holiday. The apex court upheld an order by the Delhi High Court which allowed the company to use land at Delhi airport for non-aviation or commercial purposes.
Coal India gained about 4 percent after a huge block deal. Lenders such as Yes Bank Ltd and Axis Bank Ltd among others have also cut interest rates on certain savings accounts.
"The last couple of weeks showed that there are risks and you can lose money....there is nothing in the market which you can say is an event that could drag the market down, but one must keep an eye on what is happening in the USA right now", Andrew Holland, CEO, Avendus Capital Alternate Strategies told CNBC-TV18 in an interview.