Earlier, the trading momentum mostly in tight range amid choppiness and though mostly on a positive terrain as sentiment already hurt by earning concerns and FII sell-off on retrospective tax issue.
It turned extremely volatile during afternoon following deficit monsoon forecast by Indian Meteorological Department (IMD) as the index dropped below 8,300-level on heavy selling in IT, PSU banks and Energy segments.
However, the final hour trade saw the bourses recovering on bouts of value buying amid tinge of short-covering.
Meanwhile, IT major Wipro dropped 5.81 per cent despite its good Q4 results failed to enthuse market participants followed by ONGC fell 2.51 per cent, SBIN by 1.85 per cent and HLCT Tech by 1.50 per cent.
More From This Section
Foreign portfolio investors bought stocks worth Rs 17488.73 crore yesterday as per provisional data.
The broader 50-share index hovered between a high of 8,449.95 and a low of 8,284.70 before finishing at 8,429.70, a gain of 51.95 points or 0.62 per cent.
A total of 7,951.41 lakh shares changed hands in 80,67,580 trades. The total market capitalisation of NSE stood at Rs 9,886,244 crore.