Stocks took support from a stronger rupee which was last trading at 61.45 levels versus the dollar compared to 61.73 on Friday. (Agencies)
After touching the day's high of 20,052, the Sensex fell to a low of 19,833.17 before ending moderately higher by 13.88 points, or 0.07 percent, at 19,915.95.
The gauge had gained 522 points in the last two trading sessions. For the entire week, Sensex gained 188.68 points or 0.96 percent.
"Intraday volatility was high as investors were seen cautious ahead of Q2 FY'14 results starting in coming week.
"Meanwhile the services PMI in September continued to be lower for third consecutive month, which also led to selling pressure on rallies. European markets were weak too," said Nidhi Saraswat, Senior Research Analyst, Bonanza Portfolio.
The broad-based National Stock Exchange index Nifty also failed to hold initial gains and fell by 2.40 points, or 0.04 percent, at 5,907.30.
Also, SX40 index, the flagship index of MCX-SX, ended at 11,852.38, down 0.89 points or 0.01 percent.
Brokers said while government's plan to inject funds in
PSU banks to provide cheaper loans sparked off interest in interest-sensitive stocks but a mixed trend in global markets capped gains.
In 30-share Sensex, 15 stocks gained while other 15 ended with losses. Major gainers were Reliance Industries, Bharti Airtel, Cipla, Coal India, HDFC Bank, Hero MotoCorp, Hindalco, ITC, Mahindra and Mahindra, Maruti Suzuki and Tata Motors.
Sectorally, the BSE Realty index gained the most by rising 1.65 percent, followed by BSE Auto index (0.94 percent) and BSE Metal index (0.63 percent).
Jet Airways shares pare early gains; down over 1 percent
Surrendering its early gains, Jet Airways closed with losses of over 1 percent on the National Stock Exchange due to profit booking in an overall flat market on Friday.
At the National Stock Exchange, shares closed down by 1.19 percent at Rs 382.
On the BSE, the stock had surged by 7.26 percent to Rs 414.70 in early trade, but finally ended the day at Rs 384.50, down 0.54 percent.
On the volume front, 16.16 lakh shares of the company changed hands on the BSE, while more than 69 lakh shares were traded on the NSE during the day.
Paving the way for the biggest ever foreign investment in India's aviation sector, the Union Cabinet last night cleared Jet Airways' proposed sale of 24 per cent equity to Etihad, days after the Rs 2,058 crore deal got regulatory clearances.
The proposal was of Etihad to subscribe 27,263,372 Jet shares of Rs 10 each, amounting to 24 percent of post-issue paid-up equity share capital for Rs 2,057.66 crore.
The FIPB had cleared the deal on July 29 with some major riders to maintain effective Indian control over the airline after the stake sale to Etihad.
Stocks took support from a stronger rupee which was last trading at 61.45 levels versus the dollar compared to 61.73 on Friday.