Sensex up 258pts; breadth fairly -ve

The Sensex is now up 258 points at 16,866.

The NSE Nifty has moved up 60 points to 4,898.

Reliance has zoomed nearly 5% to Rs 2,437. HDFC Bank has soared over 4% to Rs 1,458.

Tata Steel and HDFC have surged around 3.5% each to Rs 736 and Rs 2,712, respectively.

BHEL and ITC have rallied around 3% each to Rs 1,936 and Rs 190,  respectively. ACC has moved up 2.6% to Rs 737.

ICICI Bank and Tata Motors are up over 2% each to Rs 1,088 and Rs 708, respectively.

Wipro has plunged 3% to Rs 409, and Cipla has shed 2.6% at Rs 182.

Hindustan Unilever, Reliance Communications and Bajaj Auto have slipped 1.3% each to Rs 191, Rs 568 and Rs 2,045, respectively.

Infosys is down over 1% at Rs 1,529.

The market breadth is fairly negative - out of 2,609 stocks traded so far, 1,685 have declined, 879 have advanced and 45 are unchanged.