However, the BSE market breadth was bearish - with 1,457 declines and 1,112 advances.
The equity markets on Friday managed to guard against any major downturn after global markets went volatile on the back of yet another missile test by North Korea.
The 30-share Sensex was in the red for much part of the session, but later turned positive to close up 30.68 points, or 0.10 percent, at 32,272.61.
Around the same time, the wider 51-scrip Nifty50 of the National Stock Exchange (NSE) fell by 26.60 points, or 0.26 per cent, to trade at 10,060 points.
The 30-share index was down by 86.55 points, 0.27 per cent at 32,155.38 at 1130 hrs due to fall in Reliance Industries, ITC, PowerGrid and Axis Bank.
"Continued FII (foreign institutional investors) selling and tightening monetary policies in United States will curtail the easy liquidity, which is making investors cautious", said Nair.
DIIs bought shares worth a net Rs 793.31 crore while foreign portfolio investors (FPIs) sold off equities worth a net Rs 1,334.23 crore yesterday, showed provisional data.
The Indian rupee strengthened by 4-5 paise to 64.07-08 against the USA dollar from its previous close at 64.12.
The benchmark BSE Sensex dropped by 75 points or 0.23 per cent in morning trade today as losses in pharma, oil&gas, banking and power stocks widened amid lingering worries over North Korea. Besides IT other scrips such as metal, energy, oil & gas scrips too traded in a marginal green. IT stocks soared to a 1.04% intra-day gain.
In broader markets, the small-cap index rose 0.38 percent, but mid-cap shed 0.28 percent as investors took profit.
Major Sensex gainers on Friday were: ONGC, up 4.71 per cent at Rs 166.90; Bajaj Auto, up 3.19 per cent at Rs 3,022.05; Coal India, up 1.94 per cent at Rs 259.90; Infosys, up 1.83 per cent at Rs 908.60; and Wipro, up 0.65 per cent at Rs 285.75.
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