Sensex up 129pts; Sterlite, Wipro drop

The Sensex has climbed back to the 15,000 level to a high of 15,014. The index is now up 129 points at 15,005.

The market breadth is positive. Out of 2,689 stocks traded, 1,633 have advanced while 1,000 have declined.
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(Updated at 1441 hrs)

The Sensex surged 376 points from the day's low to touch a high of 14,997 after rebounding into the positive zone. The index is now near the day's high at 14,989, up 114 points.

Reliance Infrastructure has surged 6.5% to Rs 1,273. SBI has gained 4.5% at Rs 1,717.

Tata Power, Hindalco and Jaiprakash Associates have added 3% each to Rs 1,175, Rs 98 and Rs 217, respectively.

Reliance Communications, Sun Pharma, Tata Steel, Larsen & Toubro, Mahindra & Mahindra, BHEL, Tata Motors, NTPC, HDFC and Maruti have advanced 1-2% each.

Meanwhile, TCS continues to languish at lower levels. Sterlite has dropped 4% to Rs 637. Wipro has slipped 2.5% to Rs 393.

ACC, Grasim and Reliance have shed 1% each to Rs 839, Rs 2,368 and Rs 2,159, respectively.

The market breadth has turned positive - out of 2,655 stocks traded, 1,456 have advanced while 1,138 have declined.