The Sensex pared gains and touched a low of 11,474. The index is now up 54 points at 11,502.Dr.Reddy's has rallied 2% to Rs 1,481. Bajaj Auto, HDFC, ICICI Bank, HLL, Hero Honda and Ranbaxy are up over 1% each to Rs 2,775, Rs 1,301, Rs 596, Rs 233, Rs 712 and Rs 407, respectively.Tata Steel has slipped 1.5% to Rs 525.