Benchmark indices Sensex and Nifty pared their gains on November 2 due to various reasons, including profit booking.
At 1:16 pm, the Sensex was up 569.07 points or 0.76% at 75,028.60, and the Nifty was up 173.90 points or 0.75% at 23,227.00. About 2,540 shares advanced, 1,422 shares declined, and 178 shares were unchanged.
Markets saw profit booking after they rose for third straight day. Sensex fell 500 points from day's high while Nifty was trading below 23,250-mark.
Selling in IT shares pulled down markets from day's high as the sectoral index rose for past two sessions.
Nifty needs to trade above 23,350 for further bullishness to emerge in the market, said analysts.