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The S&P BSE Sensex quickly pared gains after starting on a string note in opening trade on Thursday, led by losses in ITC, ICICI Bank, RIL, SBI and Bharti Airtel.

The Nifty50 also pared gains after starting on a strong note, but was still trading above its crucial psychological support level of 8,150 levels, supported by gains in IT, consumer durable, realty and Pharma stocks. Vedanta and ONGC were the top gainers on the BSE benchmark, climbing 2 and 1.3 per cent, respectively. Lanco Infra slipped about 4 per cent while Castex Technologies surged 3.6 per cent.

The domestic currency opened with a mild downtick of 5 paise to trade at 65.03 against the US dollar. India's cenbank says repo bids rise to 108.05 bln rupees.Indian banks' refinancing with RBI rises to 17.57 bln
rupees.India cenbank says banks' cash balances at 3.87 trln rupees.

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