Sensex up 183pts; Ranbaxy soars 5%

The Sensex is now up 183 points at 11,059.

Ranbaxy has zoomed 5% to Rs 396. HDFC has advanced 3.4% to Rs 1,232.

Infosys and HDFC Bank have added 2.5% each to Rs 1,708 and Rs 799, respectively.

Larsen & Toubro, Reliance Communications and NTPC  have gained over 2% each at Rs 2,323, Rs 273 and Rs 123, respectively.

The market breadth is extremely positive - out of 2,160 stocks traded, 1,612 have advanced, 486 have declined and the rest are unchanged.