Equity benchmarks started off Tuesday's trade on a strong note with the Sensex rising 237 points intraday but pared gains amid late profit booking. The selling pressure was seen in FMCG, technology and select banks while auto, oil and telecom stocks gained. Investors maintained cautious stance ahead of macro-economic data - GDP, fiscal deficit and core sector.
The market gained for the third consecutive session, though it closed off day's high. The 30-share BSE Sensex rose 43.84 points to 26394.01 and the 50-share NSE Nifty advanced 15.25 points to 8142.15 after hitting a two-week high of 8197.35.
The broader markets also halved gains with the BSE Midcap and Smallcap indices rising half a percent each on positive breadth.
Meanwhile, Fitch Ratings today lowered India's GDP growth forecast for this fiscal to 6.9 percent from 7.4 percent, saying there will be "temporary disruptions" to economic activity post demonetisation.
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