The benchmark equity indices gave up strong early gains due to profit booking at higher levels on Thursday. The Sensex erased a 734-point rise from the day’s high of 85,290.06 before finally closing at 84,556.40, up 130.06 points (0.15%). The Nifty similarly pared a 213-point surge from its intraday high of 26,104.20, ending the session at 25,891.40, up 22.80 points (0.09%).

Both indices extended their winning streak to a sixth consecutive session, driven by optimism over a potential trade deal with the US. Over this period, the Sensex gained 2,526.42 points (3.08%), while the Nifty advanced 745.90 points (2.97%).

“Domestic equities opened on a positive note but pared early gains as investors booked profits following sanctions on Russian oil and the possible postponement of India–US tr

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