The NSE 50-share Nifty also edged up by 3.45 points, or 0.04 per cent to finish at 8,632.60.
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The BSE market breadth was slightly tilted in favour of the bears – with 1,323 declines and 1,212 advances.
Initially on Thursday, the benchmark indices opened on a positive note, in spite of mixed cues from their Asian peers and negative United States markets.
The barometer index had receded by 46.44 points or 0.17 per cent, while the NSE Nifty slipped by 6.35 points or 0.07 per cent.
The government on last Saturday announced the appointment of Urjit Patel as the next Reserve Bank Governor with effect from September 4.
Globally, other Asian markets turned in a mixed performance as a drop in oil prices on data showing a surprise build-up in USA crude inventories tempered investor optimism over a weaker yen and solid US new-home sales data.
Beginning on a higher note at 28,088.07, the Sensex touched the day’s high of 28,143.28 following selective buying by participants in bluechip stocks amid sustained foreign fund inflows.
“The markets are devoid of any major action and are mostly in a consolidating phase at present”, Anand James, Chief Market Strategist at Geojit BNP Paribas Financial Services, told IANS.
In terms of investments, provisional data with exchanges showed the foreign institutional investors (FIIs) sold stocks worth Rs 372.08 crore and the domestic institutional investors (DIIs) divested scrips worth Rs 357.02 crore. The gauge had gained 74.40 points in the previous two sessions. The US Dow Jones Industrial Average ended 0.10 per cent higher yesterday.
The BSE metal index suffered the most by losing 1.43%, followed by teck (1.36%), IT (1.28%), consumer durables (0.83%), auto (0.60%), realty (0.58%), capital goods (0.54%), power (0.43%), PSU (0.41%) and Bank (0.33%).
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Indian shares extended losses for a second day, reflecting the cautious mood in global equities after a U.S. Federal Reserve official signalled that a 2016 rate hike is still under consideration.
