Sensex up 206pts; Tata Steel soars 7%

The Sensex is now up 206 points at 14,747.
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(Updated at 1450 hrs)

The Sensex continues to exhibit volatile movement and the index is now at 14,749, up 124 points.

The BSE Realty Index has soared 6% to 4,044. Metal and IT indices are up 3-4% each at 11,285 and 3,009, respectively.

The Mid- and Small-cap have gained 2.6% and 3.1%, respectively.

Tata Steel has soared 7% to Rs 434. Jaiprakash Associates , NTPC and ACC have advanced 6-6.5% each at Rs 221, Rs 229 and Rs 831, respectively.

Reliance Communications and Mahindra & Mahindra have added 5% each at Rs 322 and Rs 708, respectively.

ITC, Grasim and Sterlite have gained 4% each at Rs 192, Rs 2,195 and Rs 648, respectively.

Wipro, HDFC, Infosys, DLF, Hindalco, Reliance Infrastructures and Maruti Suzuki are up 2-4% each.

ICICI Bank and BHEL have dropped 2% each to Rs 724 and Rs 2,128, respectively.

Bharti Airtel and Ranbaxy are down 1.5% each.

The market breadth is fairly positive, out of 2,821 shares traded, 2,233 have advanced and only 542 have declined so far on the BSE.