Sensex pares gains, up 23pts

The Sensex has pared most of its gains and is now up 23 points at 19,807.

Reliance Energy has soared 5% to Rs 1,880. Ranbaxy and ONGC have surged 3% each to Rs 427 and Rs 1,257, respectively.

NTPC has rallied 2.7% to Rs 240.

Bharti Airtel, ICICI Bank, Reliance Communications, Mahindra & Mahindra and SBI have advanced around 1.7% each to Rs 1,018, Rs 1,262, Rs 780, Rs 753 and Rs 2,096, respectively.

Hindustan Unilever has plunged 5.5% to Rs 207.

Larsen & Toubro has dropped 2% to Rs 4,240. Maruti and Wipro have slipped 1.7% each to Rs 1,069 and Rs 501, respectively.

Infosys, Satyam and TCS are down 1% each at Rs 1,828, Rs 474 and Rs 1,038, respectively.

Out of 2,765 stocks traded so far, 1,466 have advanced, 1,239 have declined and 60 are unchanged.