Sensex up 57pts; Tata Steel soars 7%

The Sensex is now up 57 points at 14,976.

Tata Steel has soared 6.7% to Rs 646.

Reliance Energy, ONGC and SBI have surged around 2% each to Rs 783, Rs 824 and Rs 1,577, respectively.

ACC, Hindalco and Grasim have advanced 1.3% each to Rs 1,040, Rs 155 and Rs 2,900, respectively.

BHEL, HDFC Bank and Reliance are up 1% each at Rs 1,825, Rs 1,163 and Rs 1,898, respectively.

Infosys has shed 1.5% to Rs 1,855. NTPC and Satyam are down 1% each at Rs 166 and Rs 446, respectively.

Out of 2,614 stocks traded so far, 1,445 have advanced, 1,090 have declined and 79 are unchanged.