Sensex pares gains, up 125pts

The Sensex has pared gains and is now up 125 points at 15,118.

Tata Steel has surged 2.8% to Rs 678. Tata Motors has rallied 2.3% to Rs 691.

Reliance Communications and Bajaj Auto have advanced 2% each to Rs 531 and Rs 2,365, respectively.

Ranbaxy has moved up 1.6% to Rs 378. Mahindra & Mahindra, HDFC Bank, Satyam, Infosys and Wipro are up over 1% each.