Indian equity benchmarks ended flat on a positive note after swinging between gains and losses during the session on Wednesday amid weakness in global bourses.

In a volatile session, the Sensex jumped 54.13 points or 0.09% to settle at 59,085.43. During the day, it touched a high of 59,170.87 and a low of 58,760.09. Similarly, the Nifty gained 27.45 points or 0.16% to close at 17,604.95.

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The broader indices ended in green with the BSE Mid cap index up by 0.80% and Small cap index up by 0.73%. The top gaining sectoral indices on the BSE were Realty up by 1.74%, Industrials up by 0.92%, Telecom up by 0.91%, Capital Goods up by 0.80%, and Bankex up by 0.67%, while IT down by 0.18%, TECK down by 0.15%, Consumer Durables down by 0.13%, Oil & Gas down by 0.10% and Auto down by 0.09% were the top losing indices on BSE.

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Top gainers from the Sensex pack were IndusInd Bank up by 2.86%, NTPC up by 1.29%, Larsen & Toubro up by 0.92%, ICICI Bank up by 0.91%, and Power Grid Corp up by 0.90%.

Among the laggards were Tata Steel down by 0.93%, TCS down by 0.86%, Titan Company down by 0.80%, Sun Pharma down by 0.69%, State Bank of India down by 0.56%, ITC down by 0.49%, and Mahindra & Mahindra down by 0.46%.

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The rupee consolidated in a narrow range and slipped 2 paise to close at 79.81 against the US dollar.

Asian markets settled mostly lower with the Shanghai Composite falling 1.86%, the Nikkei 225 decreasing 0.49%, Hang Seng slipped 1.20% while KOSPI Composite gained 0.50%.

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European stock markets were trading lower during mid-session deals. The US stock market had ended lower on Tuesday.

“Bulls and bears continued to battle it out in the domestic market as weak global cues persisted, keeping the market under pressure.

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“The US economy contracted amid muted demand conditions with the service sector witnessing a sharp decline. Markets in Europe experienced a protracted sell-off as a result of investor’s concern over the oil crisis and the uncertain growth outlook,” said Vinod Nair, Head of Research at Geojit Financial Services.

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Brent crude, the international oil benchmark jumped 1.04% to $101.3 per barrel.

According to stock exchange data, Foreign Institutional Investors (FIIs) bought shares worth Rs 563 crore on Tuesday.