Indices that started on a firm note were highly volatile and pared the gains and towards the session traded flat with a negative bias. Much of the drag came from the bank and financial space. At the close, Sensex ended up by just 7 pts at 47951, while Nifty gained 32 points to 14707.
The outliers in trade have been the metal and realty pack, trading with gains of up to 3 percent on buying interest.
Also, broader markets continued their upward streak and outperformed the headline indices with gains of close to Nifty Midcap 100. Gains came from stocks such as Jindal Steel, AB Capital, SAIL, AU Small Finance Bank and Godrej Properties.
Stock-wise top gainers are Tata Steel, Tata Motors, ONGC, Hindalco, UPL, while top laggards have been Kotak Mahindra, Adani Ports, Maruti Suzuki, Divis Labs and HDFC Bank
ONGC shares hit a 52-week high as oil prices are on the boil and stretched upward again by $1 as US production is at a slower rate.
Meanwhile, European indices are all trading down with German DAX by up to 1 percent.