UltraTech Cement was the top
gainer in the Sensex pack, rallying over 4 per cent, followed by Titan, Tech
Mahindra, Nestle India, TCS, Bajaj Finserv and L&T.
NSE Nifty advanced 54.75 points to 14,873.80.
Equity
benchmark Sensex ended 84 points higher after a volatile session on Thursday as
concerns over rising coronavirus infections and resultant restrictions across
the country kept investors on the edge.
The 30-share BSE index
settled 84.45 points or 0.17 per cent higher at 49,746.21.
The broader NSE Nifty
advanced 54.75 points or 0.37 per cent to 14,873.80.
UltraTech Cement was the
top gainer in the Sensex pack, rallying over 4 per cent, followed by Titan,
Tech Mahindra, Nestle India, TCS, Bajaj Finserv and L&T.
On the other hand, IndusInd
Bank, ONGC, Sun Pharma, HDFC Bank and Axis Bank were among the laggards.
Domestic equities, despite
trading positively for most of the session, gave up a large portion of gains
towards the end of the day as concerns of rising COVID-19 cases continued to
weigh on investor sentiment, said Binod Modi, head-strategy at Reliance
Securities.
Financials witnessed
profit-booking and dragged the market.
Barring financials, most of
key sectoral indices traded in the green with metal index remaining an
outperformer.
"Expectations of steady 4QFY21 earnings and weakening INR continued to attract investors' interest towards IT stocks," he noted.
While softening of bond
yields and crude prices in recent period offered some comfort to markets, a
sharp depreciation in rupee in the last couple of trading days could be a new
worry for investors, which can also have an impact on FPI flows, he added.
Elsewhere in Asia, bourses
in Shanghai, Hong Kong and Seoul ended on a positive note, while Tokyo was in
the red.