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The S&P BSE Sensex pared gains after rallying over 100 points in morning trade on Wednesday led by gains in HDFC, ITC, HDFC Bank, L&T, and Tata Steel.The Nifty50 was trading comfortably above its crucial level of 7,900 supported by gains in power, oil & gas, metal, consumer durable, capital goods, and banking stocks. 

India's stock, debt, and currency markets will be closed on Tuesday for a domestic holiday. Trading will resume on Wednesday.The broader NSE index rose 0.82 percent to end at 7,914.70, while the benchmark BSE index gained 0.74 percent to close at 25,816.36 on Monday.