The Bombay Stock Exchange benchmark Sensex on Thursday closed almost unchanged after shuttling between high and lows as investors globally were cautious which also saw most of the Asian markets ending flat and European bourses following the same trend in their early trade.
Market participants were edgy after the 5.4 per cent jump on Wednesday that took the benchmark index's rise to more than 10 per cent in four straight sessions.
After moving in a highly erratic fashion, the BSE barometer settled lower by 9.44 points at 9,645.46.
The key-index moved between 9746.01 and 9441.97 points during the day.
The broad-based National Stock Exchange index Nifty also fell by 8.10 points at 2920.15 after moving between 2945.30 and 2861.55 points during the day.
Markets on one hand gained on expectations of more incentives for the economic growth, while a fresh fall in stocks of software exporting companies following a rise in Indian rupee kept the market volatile, marketmen said.
IT sector index was worst performer today by shedding 3.90 per cent at 2359.20 with TCS, the largest software developer, tanked 6.24 per cent, the most in almost four weeks.
Infosys Technologies, another IT blue-chop declined 3.23 per cent to its lowest since 20th November.
Brokers said the companies also retreated on concern lower technology budgets amid weakening dollar against rupee would cut revenues at Indian software developers, which earn over 50 revenue from the U.S. markets.
The rupee was ruling ar 48.51 a dollar, up 0.9 per cent.
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