The Indian stock market on Thursday cut some of the gains in a highly volatile session. Profit-booking pulled the indices off their intraday highs as the Sensex slipped about 200 points from its peak, while the Nifty fell below 26,050 during the session.

The Sensex opened on a weak note, declining 156.83 points to 84,949.98, while the Nifty eased 47 points to 25,938.95.

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At the close, the Sensex settled 158.51 points or 0.19% higher at 85,265.32, while the Nifty advanced to 26,033.75, down 47.75 points, or 0.18%.

The midcap and smallcap segments remained under pressure, with the BSE Midcap index falling 0.19% and the Smallcap index declining 0.32%.

Among the sectors, the Nifty IT index jumped 1.41%, ending as the top gainer.

The performance of IT was supported by optimis

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