The Sensex has pared most of it's gains on poor IIP numbers. The index is now up 33 points at 11,717.
Earlier in the day, the index touched a high of 11,780, up 155 points from the day's low.
Infosys has surged 3.5% to Rs 1,565. Wipro and Mahindra & Mahindra have rallied 2% each to Rs 357 and Rs 512, respectively.
HDFC Bank and Bharti Airtel have advanced 1.5% each to Rs 1,164 and Rs 759, respectively. ICICI Bank and Reliance Communications have also added.
On the other hand, Tata Steel has plunged 4% to Rs 261. Sterlite and ACC have shed 2.5% at Rs 474 and Rs 579, respectively.
Larsen & Toubro, Grasim, Hindustan Unilever, Maruti Suzuki and Tata Motors are the other major losers.
The market breadth is fairly negative. Out of 2,170 stocks traded, 1,224 have declined and 858 have advanced.
