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Sensex pares some gains, but holds above 29,000; RIL top gainer

In the broader market, the BSE Midcap and BSE Smallcap indices gained 0.6% and 0.5%, respectively

Is the worst over?
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SI Reporter New Delhi
The benchmark indices on Monday continued to trade higher even as global markets traded mixed after US Federal Reserve Chair Janet Yellen indicated near-certain prospect of an interest rate hike in March barring any sharp deterioration in economic conditions.

At 12:03 pm, the S&P BSE Sensex was trading at 29,065, up 233 points, while the broader Nifty50 was ruling at 8,965, up 68 points. 

In the broader market, the BSE Midcap and BSE Smallcap indices gained 0.7% and 0.6%, respectively. 

"A strong support is seen in the zone of 8,850-8,800 on Nifty; whereas the immediate resistance level is at 8,993.