The Sensex recouped 500 points loss in last couple of hours of trade, especially after recovery in Europe but still ended sharply lower after the UK voted to leave European Union.
The rally in precious metal reflected in gold exchange traded funds as well. Birla Sun Life, Goldman Sachs, ICICI Prudential, Kotak, IDBI gold ETFs etc gained 2-7 percent.
Globally investors waited for the outcome of Britain's referendum that will decide whether the country will stay with or leave the 28-nation European Union. Voting is underway in Britain for the same and its results will be available around 6:30-7:00 hours IST.
Tata Motors, Dr Reddy's Labs, SBI, HDFC Bank and Axis Bank were top gainers while NTPC, Cipla, TCS, Asian Paints and ONGC were losers in the Sensex.
Shares of TCS, Reliance Industries, L&T, ICICI Bank, NTPC, Cipla and ONGC declined 1-3 percent while HDFC Bank, ITC, Tata Motors, Sun Pharma, Lupin and Dr Reddy's Labs gained 1 percent each.
The BSE Sensex crashed more than 400 points intraday Thursday, tracking weakness in global peers due to uncertainty over Brexit and after the Federal Reserve reduced US economic growth forecast. However, benchmarks recouped half of losses in last hour of trade on short covering with the Nifty reclaiming 8100.
Asian markets extended sell-off with the Nikkei falling over 3 percent on yen gains and Hang Seng declining over 2 percent. Oil prices fell for sixth consecutive day, following a lower than expected draw on US stockpiles and amid worries Britain might leave the European Union.