Indian shares gave up most of their gains to end little changed on Thursday, as rise in metal shares were tempered by selling pressure in financials.
The benchmark S&P BSE Sensex ended down 0.08 percent at 30,857. It rose as high as 31,086 earlier in the session. The broader NSE Nifty gained 0.14 percent at 9,504.
Trading turned volatile in the last hour as investors rolled over their positions to July derivatives contract on the final day of futures and options expiry.
Bank index pared their earlier gains of 0.7 percent to end flat. Kotak Mahindra Bank and State Bank of India dropped 2 percent and 1.4 percent, respectively.
Drug maker Eris Lifesciences, which debuted on the exchanges this morning, ended 0.2 percent lower after gaining as much as 4.1 percent earlier in the session.
Among the gainers, S&P BSE Realty index rose 1 percent while the S&P BSE Metal index was up 2.1 percent.
Credit Analysis and Research surged 13 percent following block deals, in which nearly 8.8 percent stake in the company changed hands.
Market breadth was in the favour of gainers, with about 3 stocks advancing to every 1 stock that declined.
