Parliament was adjourned today amid uproar by Trinamool Congress members over the issue of FDI in retail and Congress members citing reports claiming that BJP had influenced the CAG report on 2G allocation.
The 30-share Sensex ended down 11 points at 18,507 and the Nifty closed flat at 5,627.
The reversal was helped by gains in index heavyweights like Reliance Industries and Infosys.
Earlier in the day, market remained volatile swinging between the red and the green.
The Sensex touched a low of 18402 and the Nifty slipped to hit a low of 5,593 as investor sentiment weakened as both the Houses of the Parliament had to be adjourned due to uproar over FDI in retail and SC/ST quota Bill.
The broader markets too regained some of its lost ground.
The midcap and the smallcap indices where flat with a positive bias, up 0.1-0.2%, outperforming the BSE benchmark index which closed flat with a negative bias.
In Asia, shares rose on Friday and were on course for a weekly gain of more than 2.5 per cent, their best in two months, after manufacturing surveys from the world's biggest economies raised hopes that the global growth outlook is improving at last.
Among the major markets, Nikkei was shut for the day. Shanghai Composite, Hang Seng, KOSPI Composite and Taiwan Weighted were the notable gainers adding between 0.6-3%.
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