Indian equities moved cautiously today after hitting fresh record highs in the previous session. The Nifty hovered near 26,200 with mild fluctuations, while the Sensex held marginal gains but remained below the 86,000 mark . Mahindra & Mahindra, Reliance Industries, Hindalco and HUL featured among the stronger performers. GAIL fell over 7 % intraday after a lower than expected tariff revision.