The BSE Sensex was trading 35.69 points or 0.09 per cent higher at 38,736.22. The gauge had ended 161.70 points lower at 38,700.53 in the previous session.
Equity benchmark indices closed in the negative zone on Monday as heavyweight scrips like Reliance Industries, State Bank of India and ITC came under selling pressure.
All sectoral indices except FMCG were in the green with realty gaining almost 2 per cent. On Thursday, Fitch retained India's sovereign rating at BBB- with a stable outlook.
The BSE Sensex closed at a record high of 39,057 on Tuesday as equities indices extended gains for the fourth consecutive day amid a volatile trading session.
Equity benchmark indices tumbled sharply in the opening hours on Monday following weakness in global markets.The downturn was led by heavyweights like Reliance, ICICI Bank and HDFC Bank.
Equity benchmark indices edged lower on Friday as traders booked profits from recent gains. The BSE S&P Sensex closed 222 points lower at 38,165 while the NSE Nifty 50 was slipped 64 points at 11,457.
The most active stocks were heavyweights like Reliance Industries, IndusInd Bank, Kotak Mahindra Bank and Yes Bank.
Among other gainers were Hindustan Petroleum, Power Grid, Bharti Infratel and GAIL. Vedanta, Indiabulls Housing Finance, Coal India and Tata Steel traded on the downside.
Shares of Dewan Housing Finance jumped over 15 per cent on the National Stock Exchange after an independent auditor certified that the company did not promote any of the 26 shell companies which were alleged to have syphoned off about Rs 35,000 crore.
Equity benchmark indices extended gains in early trading on Wednesday following positive global cues, but investors continued to closely monitor the tension between India and Pakistan.