Sensex crosses 11,800, now up 254pts

Unabated buying following status no changes in key rates by the Reserve Bank of India led the Sensex rally to a high of 11,801. The index is now up 254 points at 11,793.

The BSE Bankex has rallied 2.3% to 5327.

The Teck, FMCG and Healthcare indices are up over 2% each at 2825, 2247 and 3953, respectively. The Auto and PSU indices are up almost 2% each at 5440 and 6167, respectively.

TCS is up 6.6% at Rs 2,029. Cipla has soared 4.7% to Rs 691. ONGC has surged over 4% to Rs 1,295.

Larsen & Toubro and Bajaj Auto have rallied over 3% each to Rs 2,622 and Rs 2,855, respectively. Dr.Reddy's has advanced 3% to Rs 1,511.

Wipro has moved up 2.5% to Rs 554. HDFC Bank, ITC, HLL, SBI, Hero Honda, ICICI Bank, Reliance and Infosys are up over 2% each.

Satyam, Reliance Energy, Tata Motors, Maruti and Hindalco are also trading with smart gains.

Out of 2,430 stocks traded so far, 1,602 have moved up, 770 have slipped and 58 are unchanged.