Markets saw volatile trade on Wednesday. The Nifty opened marginally higher but cracked post 1 pm. Sharp correction in the second half was mostly due to the fall of heavyweights. Reliance Industries contributed most to the fall in Index due to the concerns around Future group deal. The BSE Sensex ended at 40,707.31, adding 162.94 points or 0.40%. The Nifty closed at 11,937.65, up 40.85 points or 0.34%. The Nifty had fleetingly hit 12000-mark intraday. The Nifty has turned back from just above 12000 for the third time in the past eight days.