Markets trim early gains; Nifty hovers near 8,150
Benchmark share indices rebounded after a sharp correction in the previous sessions, amid firm global cues, led by IT and short covering in consumer-led stocks. Benchmark indices pared gains after a sharp rally in the opening trade where Sensex rose as much as 317 point, while the broader Nifty50 index regained its crucial 8,200 level.
Markets failed to sustain early gains amid profit-taking on caution ahead of the winter session of the Parliament which begins today.
At 10:45 am, the 30-share index was trading at 26,438, up 134 points, while the broad-based 50-share index was quoting 8,135, up 26 points. In broader markets, BSE midcap traded flat, rising 0.04% while BSE small cap fell 0.45%.
Benchmark share indices rebounded after a sharp correction in the previous sessions, amid firm global cues, led by IT and short covering in consumer-led stocks. Benchmark indices pared gains after a sharp rally in the opening trade where Sensex rose as much as 317 point, while the broader Nifty50 index regained its crucial 8,200 level.
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