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Nifty pares gains after hitting 8,400; pharma stocks tank

Pharma stocks tanked and figured among top losers on the Sensex tracking global fall in drug firms

Blood is thicker than BSE 200
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Aprajita Sharma New Delhi
The benchmark indices on Thursday pared some gains amid mixed trade seen in other Asian markets after the US president-elect Donald Trump refrained from dropping any details of protectionist measures he could take to 'bring back' American jobs.

The Nifty50 index slipped below its crucial 8,400 level that it hit in the early trade, but the S&P BSE Sensex continued to trade above 27,000 mark.

At 11:50 am, the Sensex was trading at 27,206, up 66 points, while the broader Nifty50 was ruling at 8,393, up 13 points. 

The broader market underperformed the headline indices with BSE Midcap