Sensex pares gains, still up 200pts

The Sensex has pared some gains and is now up 212 points at 9,283.  Earlier in the day, the index had opened 137 points higher at 9,208, and rallied to a high of 9,388.

Reliance and Infosys have soared over 5.5% each to Rs 1,142 and Rs 1,299, respectively.

TCS, Tata Steel and Reliance Infrastructure have surged 4.5% each to Rs 547, Rs 212 and Rs 497, respectively.

Mahindra & Mahindra and Hindalco have rallied over 4% each to Rs 316 and Rs 51, respectively.

Jaiprakash Associates and Sterlite have moved up 3.7% each to Rs 69 and Rs 272, respectively.

ICICI Bank has advanced 3.3% to Rs 440. Bharti Airtel has added 2.8% to Rs 624.

ONGC has gained 2.5% at Rs 647, and HDFC is up over 2% at Rs 1,588.

Sun Pharma, however, has slipped 1.5% to Rs 1,118.

The market breadth continues to remain fairly positive - out of 2,220 stocks traded so far, 1,302 have advanced, 832 have declined and the rest are unchanged.