Sensex up 204pts; REL, Infy rally

The Sensex is now up 204 points at 17,125.

The index opened with a positive gap of 139 points at 17,060, and soon surged to a high of 17,158.

REL has rallied 8.34% to Rs 1,111.80. Infosys has advanced 5.14% to Rs 1,917.25.

ONGC is up nearly 4% to Rs 970.20. Tata Steel and Cipla are up 3% at Rs 774.60 and Rs 176.00.

Satyam, ACC, TCS, BHEL and Tata Motors are all up more between 1and 2%.

Hindustan Unilever has slipped nearly 3% to Rs 219.20.

Ambuja Cements, RCom and Bharti-Airtel are the other major losers.

The NSE Nifty today crossed the 5000-mark for the first time ever. It is now up 55 points at 4995.