Sensex up 108pts; Guj Amb surges 4%

The Sensex touched a high of 12,741 in the opening trades, and is now up 109 points at 12,689.

Gujarat Ambuja has surged 3.7% to Rs 108. ICICI Bank, Reliance and HDFC Bank have rallied nearly 2% each to Rs 843, Rs 1,314 and Rs 933, respectively.

Dr.Reddy's, Wipro, Bajaj Auto, SBI, Tata Motors and Satyam have gained around 1.5% each to Rs 644, Rs 565, Rs 2,491, Rs 979, Rs 752 and Rs 437, respectively.

Cipla has shed 1.5% to Rs 229. ACC and Grasim have slipped 1% each to Rs 806 and Rs 2,085, respectively.