Rally continues, Sensex surges 130 pts

The market sentiment remains extremely buoyant as fresh buying has emerged in select old and new economy stocks. The Sensex is now firm at 6,233 - up 130 points. The Nifty has soared 45 points to 1,959.

Infosys has pared gains on profit-taking to Rs 1,956 - up Rs 53 or 2.77%. While Satyam has jumped 3.89% (Rs 14) to Rs 370, Wipro is still up 2% (Rs 13) at Rs 670.

SBI, on fresh buying support, has soared 3.56% (Rs 20) to Rs 594. While ICICI Bank has moved up 2.90% (Rs 10) to Rs 355, HDFC Bank at Rs 500 (up Rs 21 or 4.36%) is holding on to its gains.

Reliance (up Rs 3 to Rs 522) is trading in a narrow range. While HLL has inched up by 1.12% to Rs 140, ITC, however, is still trading at lower levels at Rs 1,245 - down Rs 24 or 1.91%.

ONGC has flared up 2.34% (Rs 18) to Rs 795. Tata Power has spurted 6% (Rs 20) to Rs 360. While Hindalco has raked in 2.20% gains (Rs 27) to Rs 1,267, Reliance Energy has gained 2.17% (Rs 11) to Rs 507. Tisco is up 3.91% (Rs 13) at Rs 358, and Zee has advanced 2.55% (Rs 4) to Rs 159 on fresh buying support.

Gujarat Ambuja has added 5.37% (Rs 21) to Rs 422. While ACC has inched up further by 4.66% (Rs 16) to Rs 349, Grasim has advanced 2.65% (Rs 33) to Rs 1,279.

Maruti has perked up 5.54% (Rs 23) to Rs 436. While Bajaj has moved up 2.75% (Rs 30) to Rs 1,110, Hero Honda is up 1.57% (Rs 9) at Rs 556. Tata Motors has gained 3.13% (Rs 15) to Rs 489.

Cipla has jumped 4.14% (Rs 10) to Rs 263. While Dr. Reddy's is up 2.70% (Rs 20) at Rs 752, Ranbaxy is up 1.45% (Rs 15) at Rs 1,084.