Sensex pares significant gains; Tata Mot, Tata St drop

The Sensex has pared significant gains in the last few minutes, and is now up just 30 points at 10,977. Earlier in the day, the index after a positive start of over 100 points, had rallied to a high of 11,339 - up nearly 400 points.

Larsen & Toubro has surged 5.5% to Rs 876. SBI has soared over 4% to Rs 1,314, and ICICI Bank has rallied 3.7% to Rs 442.

Infosys has gained nearly 3% at Rs 1,380. Reliance Infrastructure, HDFC and Grasim have moved up around 2% each at Rs 658, Rs 1,791 and Rs 1,640, respectively.

 

Tata Motors and Hindalco have slumped over 5% each to Rs 231 and Rs 55, respectively.

Tata Steel and Sterlite have shed around 4.5% each at Rs 257 and Rs 383, respectively.

Sun Pharma has dropped 3% to Rs 1,200. Maruti has slipped over 2% to Rs 833, and NTPC has declined over 1% to Rs 833.