Sensex up 172pts; Tata Steel, Rel Com gains
The Sensex is now up 172 points at 10,990.
The index today opened 24 points higher at 10,842 before slipping into the red. Then the index rebounded and touched a high of 10,997, up 238 points from the day's low.
Wipro has gained over 7% at Rs 302. Tata Steel has rallied 4.5% to Rs 252. Reliance Communications has advanced 4% to Rs 222.
Infosys, Reliance Infrastructure, ICICI Bank, TCS, Tata Motors and Sterlite have added 3-4% each.
However, Sun Pharma and Bharti Airtel have declined nearly 2% each to Rs 1,159 and Rs 699, respectively.
The market breadth is marginally negative. Out of 2,301 stocks traded, 1,147 have declined and 1,048 have advanced.