MUMBAI: Equity benchmark indices pared more than half of their intraday gains on Thursday after profit booking in the final hours, even as sensex and Nifty had staged a sharp recovery earlier in the session on bottom fishing and positive cues from foreign institutional investors.

Stock markets decline as profit booking halts a four-day rally; Trent shares plummet over 12% amid weak Asian cues.

Indian stock markets traded higher on Thursday, recovering from Wednesday's significant decline. Sensex and Nifty saw marginal gains as investor confidence returned to the trading…