Mumbai: Equity benchmark BSE Sensex and NSE Nifty started on a volatile note on Friday, tracking weak cues from global markets as concerns over US political uncertainty kept investors on edge.
The 30-share index was trading 122.46 points, or 0.31 per cent, lower at 38,867.28 at 11:35 hours, while the broader Nifty was low 44.65 points, or 0.39 per cent, to 11,526.55.
After dropping 175 points in the early session, the 30-share index pared all losses to trade 38.89 points, or 0.28 per cent, higher at 38,879.19 at 0935 hours, while the broader Nifty advanced 5.85 points, or 0.10 per cent, to 11,577.05.
In the previous session on Thursday, the BSE barometer ended 396.22 points or 1.03 per cent, higher at 38,989.74. Similarly, the broader NSE Nifty soared 131 points, or 1.15 per cent, to end at 11,571.20.
Top losers in the Sensex pack in early trade included Yes Bank, Tata Motors, Vedanta, Tata Steel, Asian Paints, ONGC, ICICI Bank, Kotak Bank, IndusInd Bank and Hero MotoCorp, shedding up to 3 per cent.
On the other hand, ITC, NTPC, Infosys, Bajaj Finance, SBI, HCL Tech, HDFC and Maruti rose up to 2 per cent.
According to traders, market volatility has heightened as concerns over US President Donald Trump's impeachment inquiry has made investors nervous around the globe.