Sensex pares gains

The Sensex has pared some of its gains and is now at 17,713, up 68 points. The NSE Nifty is 19 points higher at 5,300.
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(Updated at 1410hrs)

The Sensex continues to exhibit steady movement and is now near the 2-year high at 17,761, up 116 points. The NSE Nifty is at 5,318, up 36 points.

Among the Sensex-30 stocks, Mahindra & Mahindra has added 4% to Rs 561. Hindalco, Sterlite and Sun Pharma have advanced 2-3% each to Rs 185, Rs 837 and Rs 1,803, respectively.

ACC, DLF, ITC, HDFC and BHEL have added over 1.5% each on the BSE.

Infosys on the other hand is down 2% at Rs 2,717 and TCS is down 1.5% at Rs 814, respectively.

The market breadth is negative, out of 2,878 shares traded, 1,549 have declined and 1,237 have advanced so far on the BSE.

Among the sectoral indices, IT index is down 2% at 5,426 while the auto and the banking stocks have added 1% each.

The BSE Midcap and the smallcap indices are up 0.3% each.