Sensex up 438pts; Rel Energy, Rel Comm lead

The Sensex is now up 438 points at 17,930.

Reliance Energy has zoomed 6.7% to Rs 1,472, and Reliance Communications has soared 5.7% to Rs 678.

Grasim has surged 4.5% to Rs 3,580. Bharti Airtel has rallied 3.8% to Rs 1,022.

NTPC, Maruti and Reliance have gained around 3.5% each at Rs 212, Rs 1,062 and Rs 2,503, respectively.

Wipro, Tata Steel and Larsen & Toubro are up around 3% each at Rs 485, Rs 814 and Rs 3,106, respectively.

Cipla is down 1% at Rs 186.

Out of 2,668 stocks traded so far, 1,487 have advanced, 1,114 have declined and 67 are unchanged.