The benchmark indices closed on a flat note, after seeing extreme volatility throughout the session.

The Sensex closed at 13,757 down 12 points, after seeing a swing between 13,879 and low of 13,643. The Nifty gained just 2 points at 4081, after witnessing swing between a day's high/low of 4114 and 4039.

Among the broader indices - BSE Midcap Index was up 0.50 % and BSE Smallcap Index slipped 0.17 %. Metal, telecom, power and pharma stocks witnessed buying interest while capital goods and auto stocks were under pressure.

The July nifty future ended with a 5 point discount at 4075. Inflation for week-ended June 27 came in at -1.55% versus -1.30% week-on-week (WoW).

Movers & Shakers

The metal index on the BSE rose 1.5 % and the BSE healthcare index gained 1 %. In the metal space, Welspun Gujarat, Gujarat NRE Coke and Hindustan Zinc rose more than 4.5 % each.

The oil & gas index was also up 0.9 % led by gains in Essar Oil and ONGC.

The BSE capital goods index slumped 1 %. Siemens, L&T, BHEL and Suzlon Energy lost 1.2-1.8%.

The BSE IT index ended down 0.63 % lower with Infosys down 1.7 % to Rs 1,676 as Infosys kicks off the fourth quarter earnings tomorrow. However, TCS gained 2.25%. Tech Mahindra went up 1.41%.

Metal stocks like Hindustan Zinc, Jindal Steel, SAIL, Sterlite Industries and Sesa Goa gained 2-4.5%.

In the realty space, Unitech showed smart recovery from days low and closed with 2.65% gain. Indiabulls Real and HDIL were up 0.5-1.8%

In the Sensex pack, Reliance Infra was the top gainer. It rose 2.5 % to Rs 1,101. Sun Pharma, TCS and Sterlite were the other gainers up more than 2 % each.

Tata Motors, ICICI Bank and M&M, however, were the main losers down over 2 % each.