The Sensex has pared most of its gains and is now up 47 points at 20,239. The index had touched a high of 20,324 earlier in the day.Hindalco has surged 2.5% to Rs 215. HDFC Bank has rallied nearly 2% to Rs 1,735.HDFC has moved up 1.3% to Rs 2,926. ICICI Bank is up over 1% at Rs 1,232.DLF has dropped 1.4% to Rs 1,000.Bajaj Auto and Reliance Communications have slipped 1% each to Rs 2,655 and Rs 735, respectively.