Key benchmark indices Sensex and Nifty had been trading flat in early session on the final trading day of 2020 with IT and FMCG stocks cancelling out gains created by financials and power shares.
After opening on a damaging note, the 30-share BSE Sensex was up by 17.84 points or .04 per cent at 47,764.06 in morning session on Thursday.
The broader Nifty of NSE edged up by 2.25 points to 13,984.20 with 30 of its constituents trading in green.
Among key gainers, ONGC was up by 1.55 per cent, ICICI Bank by .87 per cent, HDFC by .36 per cent and Bajaj Finserve by .58 per cent.
On the other hand, TCS , Infosys, M&M, Ultratech Cement, HUL, NTPC and SBI dropped.
Markets had been volatile due to the expiry of derivatives series on Thursday.
The Sensex and Nifty had raced to fresh record highs on Wednesday on the back of gains in financials, auto and cement counters.
Although the industry is at its most highly-priced valuation level, FPIs continue to pump in funds and roll the Indian industry larger on a every day basis, analysts mentioned.
Among other Asian markets, Hong Kong benchmark rose by by .26 per cent though Chinese shares obtain 1.45 per cent. Australian shares dropped .80 per cent due to fresh curbs to handle COVID-19 situations.