Sensex pares gains, tests 24,600

The S&P BSE Sensex surged as much as 188 points in morning trade, led by gains in Infosys, RIL, HDFC, Tata Motors, and HDFC Bank. It, however, pared all morning gains slipping 95 points. The Nifty50 dropped 100 points since morning, after briefly reclaiming its crucial level of 7,550, supported by gains in realty, power, oil & gas, metal, auto, and banking stocks.