Sensex up 12pts; Ranbaxy, Hindustan Unilever surge

The Sensex is now trading in green, up 13 points at 14,884.
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(Updated at 1329 hrs)

Sensex has surged 346 points from its low. The index is now trading at 14,936, up 64 points.

Ranbaxy and Hindustan Unilever have surged 4% each to Rs 277 and Rs 249. Reliance Communications added 3% to Rs 344.

Sun Pharma has gained 2.5% at Rs 1,290. Jaiprakash Associates, DLF, Tata Motors, Reliance Infrastructure, ITC, Larsen & Toubro, Bharti AIrtel, HDFC, NTPC and TCS are the other gainers in the market today.

Meanwhile, Sterlite has shed 5% to Rs 669. Tata Steel and Hindalco have declined 3% each to Rs 473 and Rs 91, respectively.

Infosys has dropped 2% to Rs 1,614. Tata Power is also down 2.2% at Rs 1,030.

The market breadth is fairly positive - out of 2,754 stocks traded 1,946 have advanced while 752 have declined.