The market ended flat after a volatile trading session.
The domestic market ended with strong gains with the Sensex closing 231 points higher at 36,212. The Nifty ended 53 points higher at 10,855.
The Sensex ended 130.77 points higher at 35,980.93 while the Nifty gained 30.40 points at 10,802.20. The market was rangebound as investors turned cautious ahead of corporate earnings season.
Investors can brace for a sharp bumpy ride ahead in 2019 as the equity market faces strong global and domestic headwinds.
The Nifty-50 broke its five-day gaining streak on Wednesday on global weakness hitting the domestic market.
The Sensex end with moderate loses as the index closed 8.39 points or 0.02 per cent lower at 36,068.33.
Also credited for scripting revival of troubled institutions like IDBI and UTI, former Sebi chairman Meleveetil Damodaran, in his new role as the founder chairperson of niche c
Faced with a choppy market and prolonged downturn, investors are looking for safer bets in the equity market.
The market witnessed a huge sell off with the Sensex down 572 points or 1.59 per cent to settle at 35,312.13, while the Nifty 50 fell 181.75 points or 1.69 per cent to settle at 10,601.15.
The market rebounded after three-day losing spree with the Sensex rising 373.06 points or 1.07 per cent to settle at 35,354.08.