Sensex pares gains, up 500pts; HDFC soars 9%

The Sensex pared gains as it touched  a low of 17,179. The index is now up 500 points at 17,230.

The NSE Nifty has gained 133 points at 5,033.

HDFC has zoomed 9% to Rs 2,705.

Bajaj Auto, SBI and Hindalco have soared over 6% each to Rs 2,190, Rs 2,292 and Rs 160, respectively.

NTPC and Grasim have surged over 5.5% each to Rs 208 and Rs 3,019, respectively.

ICICI Bank, Reliance Communications and BHEL have rallied around 5% each to Rs 1,184, Rs 603 and Rs 2,080, respectively.