Markets pare early gains dragged by RIL

Markets were trading flat paring most of the gains on selling pressure in index heavyweight Reliance Industries.

Key share indices had touched their intra-day highs after the Finance Minister targeted a GDP growth of 7.6% for 2012-13.

The Sensex was up 21 points at 17,697 after touching an intra-day high of 17,838 and the Nifty was up 13 points at 5,394 after touching an intra-day high of 5,446.