Sensex pares morning gains; broader markets slip in red

The S&P BSE Midcap and the S&P BSE Smallcap indices erased their intraday gains to slip in red

The S&P BSE Sensex pared most of its losses to turn flat in the late monring deals after hitting fresh record high in the early trade, while the broader Nifty50 index slipped below its crucial support level of 9,450. 

At 11:55 am, the S&P BSE Sensex was trading at 30,493, up 58 points, while the broader Nifty50 was ruling at 9,440, up 11 points.

In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices erased their intraday gains to slip 0.3% and 0.6%, respectively.

"We would continue with the positive bias as long as Nifty manages to hold the