Sensex up 205pts; Tata Steel surges 6%

The Sensex is now up 205 points at 16,687.

The NSE Nifty is up 66 points at 5,024.

Tata Steel has soared nearly 6% to Rs 757, and Jaiprakash Associates has surged 5% to Rs 228.

Hindalco and Bharti Airtel have rallied 3.7% each to Rs 193 and Rs 854, respectively. Ranbaxy has gained 3.5% at Rs 496.

Grasim and HDFC Bank have moved up over 2.5% each to Rs 2,632 and Rs 1,434, respectively. Larsen & Toubro has advanced over 2% to Rs 2,838.

NTPC has added 1.7% to Rs 193, and Reliance Communications is up 1.3% at Rs 538.

Satyam has shed 1.4% at Rs 463, and Infosys has slipped 0.7% to Rs 1,655.