Markets head higher; Ranbaxy up 5%

Markets have consolidated gains, and are now trading at higher levels.

The Sensex is at 14,907 up 241 points. The Nifty is up 47 points to 4477.

Ranbaxy is up 5.3% to Rs 280. Wipro, Jaiprakash Associates and RCom are trading over 3.5% each at Rs 421, Rs 215 and Rs 321 respectively. TCS, SBI, Hindalco, Infosys and Reliance Infra are all up over 3% each.

Tata Motors is down 2% to Rs 357. NTPC, Bharti, Grasim are down by over 0.5% each.