Mumbai, Apr 17 (PTI) The BSE Sensex pared morning

gains to turn rangebound amid losses on IT, pharma and auto counters, and mixed Asian cues.

The 30-share index was trading higher at 34,317.73 at

1200 Hrs, with a gain of 12.30 points, or 0.04 per cent.

The broader Nifty50 index was also trading above 10,500-level at 10,526.10, up 2.25 points or 0.02 per cent.

Major gainers were PowerGrid Corp, NTPC, M&M, Tata Steel, Coal India and HUL, rising up to 3 per cent.

Meanwhile, foreign portfolio investors (FPIs) sold

shares worth Rs 308.13 crore on a net basis, while domestic

institutional investors (DIIs) sold equities to the tune of Rs

28.97 crore yesterday, provisional data showed.

Asian markets were trading mixed as investors parsed a

mixed set of economic numbers out of China and sought fresh

leads after weeks of volatility sparked by trade frictions and

geopolitical conflict.

US stocks closed sharply higher yesterday with major

indexes rallying in a broad advance as the first-quarter

earnings season pointed to strong growth and geopolitical

tensions showed signs of easing.

This is published unedited from the PTI feed.