Sensex up 122pts; auto stocks rally

The Sensex is now up 122 points at 13,818.

SBI has soared 3.3% to Rs 1,357, and Dr.Reddy's has rallied 2.5% to Rs 770.

Tata Motors, Bajaj Auto and Maruti have advanced over 2% each to Rs 827, Rs 2,701 and Rs 944, respectively.

Reliance Energy and Ranbaxy have gained 1.7% each at Rs 537 and Rs 379, respectively.

Out of 2,504 stocks traded so far, 1,611 have advanced, 811 have declined and 82 are unchanged.