Sensex up 41pts

The Sensex has shed most of the gains, but is still up 41 points at 8,647.

ONGC is up Rs 3 at Rs 1,073. Reliance is up Rs 8 at Rs 808, and SBI is up Rs2 at Rs 938.

Infosys is now up Rs 40 at Rs 2,510.

BHEL is still up 6% (Rs 68) at Rs 1,229. L&T is now up 5% (Rs 72) at Rs Rs 1,545.

Cipla has moved up nearly 5% (Rs 17) to Rs 380. Dr. Reddy's is steady at Rs 835 - up Rs 24.

HDFC, Grasim, HLL and ITC are trading with losses.