NEW DELHI: The S&P BSE Sensex pared gains after rallying over 90 points in trade on Thursday, tracking mixed cues from Asian markets.The 50-share Nifty index was trading in a range, but was still trading above its crucial psychological support level of 8550.The gains were capped by losses witnessed by index heavyweights such as ICICI Bank, ITC, HDFC, HDFC Bank and Coal India.The overall market breadth was positive, with six out of every 10 BSE stocks trading in the positive territory.

The S&P BSE MidCap Index added 0.29 per cent, while the S&P BSE CmallCap index gained 0.49 per cent in trade today.
Asian markets failed to provide any directional cues to the domestic market. Hong Kong’s Hang Seng and South Korea’s Kospi declined 0.50 per cent each. China’s Shanghai Composite fell 0.40 per cent. Singapore’s Straits Times edged down. Japan’s Nikkei was quoting 0.80 per cent higher, thanks to depreciating yen, which sank to a two-month low against the during the day.Rupee depreciated 3 paise to 63.78 against US dollar in trade today, tracking strong gains in the greenback against major world currencies.

Source : http://economictimes.indiatimes.com/markets/stocks/news/sensex-pares-gains-after-rallying-about-100-points-nifty-holds-8550-nestle-down-5/articleshow/48369542.cms

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