Stock market today, April 30 -- The Indian stock market closed higher on Wednesday, April 29, but gave up a significant portion of its intraday gains as profit booking at higher levels led to a sharp pullback in the second half of the session.

The Nifty 50 dropped about 170 points from its day's peak to settle at 24,164, still ending 0.70% higher than its previous close. Similarly, the Sensex shed 462 points from its intraday high but finished the session up 0.82% at 77,520.

However, the market is likely to continue its losing streak as trends in the Gift Nifty index signalled a negative opening on Thursday. Gift Nifty was trading near the 24,165 mark, down over 91 points from the previous close of Nifty futures.

"Indian equity markets...